On Wednesday, Piramal Enterprises has announced the sale of BST-CarGel from Piramal Healthcare(Canada) Ltd to Smith & Nephew.

The company said in a statement that through this transaction, an affiliate of Smith & Nephew pIc will be acquiring the ownership of all product and intellectual property assets related to BST-CarGel.

It further said that the transaction does not have any material impact on the financials of PEL.

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