Patheon to buy Banner Pharmacaps for $255 million

Mon Oct 29, 2012 7:34am EDT

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(Reuters) - Contract drugmaker Patheon Inc PTI.TO said it will buy Banner Pharmacaps, a specialty pharmaceutical business, for $255 million to expand its oral dosage development and manufacturing services.

Banner is a unit of VION N.V., a food products company based in Netherlands.

(Reporting by Krithika Krishnamurthy in Bangalore)

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