Wockhardt to sell Negma Labs to repay debt: Sources
June 13th, 2009
In a further step to disentangle itself from financial distress, Wockhardt is close to selling Negma Laboratories — the French company it acquired in 2006 — reports CNBC-TV18 quoting sources. CNBC-TV18 also learns that Pinewood Laboratories, its other European business, is also up for sale. Gopika Gopakumari reports.