Medley Pharma likely to be sold in deal worth Rs 5,000 crore

Medley Pharma, the privately held Mumbai-based company, is on the block. Drug majors like Cipla, Dr Reddy's, KKR-backed JB Chemicals, and Torrent, along with marquee private equity investors Advent, Carlyle and Blackstone are seen as potential buyers for its Rs 1,000-crore business.