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Granules India's acquisition of Senn Chemicals AG (April 2025): A landmark deal signalling Indian pharmaceutical companies' ambition to enter the European peptide CDMO market through acquisition rather than organic capability building
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The deal also exemplifies the emergence of China's biotech sector as a major source of R&D candidates for pharma groups in the US and Europe, and Hengrui itself has previously signed big-ticket deals with MSD and Merck KGaA, amongst others.
