Knoll Pharmaceuticals Restructuring Scheme

The Indian subsidiary of Knoll AG of Germany, Knoll Pharmaceuticals (formerly known an Boots Pharma), is planning to exit from the OTC segment and focus on its formulations business instead. The company owns several well known OTC brands like Strepsils, Burnol, Aciguard and Coldarin The company also plans to hive off its wholly-owned subsidiary, Beem Healthcare, which was set up with a dedicated field force to market OTC products. The company claims that the move to sell off its OTC