Otsuka Pharmaceutical Factory has signed an agreement to acquire 20% of outstanding shares in Otsuka Pharmaceutical India Private (OPi ).

The shares are currently held by Claris Lifesciences , a pharmaceutical company based in India.

"German biopharmaceutical company Sygnis has agreed to acquire UK-based Innova Biosciences ."

Based in Japan, the acquirer company manufactures and distributes industrial and pharmaceutical chemicals.

The purchase consideration for the acquisition is $20m.

German biopharmaceutical company Sygnis has agreed to acquire UK-based Innova Biosciences.

The purchase consideration for the acquisition will include €8m ($8.79m) in cash and up to 3.5 million in shares.