December 7, 2012 / 7:53 AM / 5 years ago

Claris in JV with Japan's Otsuka Pharma, Mitsui for drugs biz

MUMBAI (Reuters) - Drugmaker Claris Lifesciences Ltd (CLAI.BO) said on Friday it will form a joint venture with Japan's Otsuka Pharmaceutical Factory and Mitsui & Co Ltd (8031.T) for its medical infusion drugs business in India and emerging countries.

Claris said its board also approved the sale of its infusion business, on a slump basis, to the company's fully-owned unit, Claris Speciality Injectables, which will eventually run the joint venture.

Reporting by Kaustubh Kulkarni in MUMBAI

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