Date: 02-Aug-2019

Cipla in talks to back e-pharmacy Medlife

Bengaluru/Mumbai: Drug major Cipla is in talks to invest in online healthcare platform Medlife, three people aware of the discussions said, in what could perhaps be the first investment by a traditional pharmaceutical company in an e-pharmacy. These sources said the Mumbai-based Cipla is looking to invest Rs 150-170 crore in the e-pharmacy, which sells medicine online and offers lab tests and doctor consultations.