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    • Aurobindo, Sandoz call...

    Aurobindo, Sandoz call off 900 million US dollar deal

    Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2020-04-02T15:27:43+05:30  |  Updated On 2 April 2020 9:57 AM GMT
    Aurobindo, Sandoz call off 900 million US dollar deal

    New Delhi: Aurobindo Pharma on Thursday said the USD 900 million deal to acquire Sandoz Inc''s US-based generic oral solids and dermatology businesses, has been mutually called off.

    "The decision was taken as approval from the US Federal Trade Commission for the transaction was not obtained within anticipated timelines," Aurobindo Pharma said in a regulatory filing.

    In September 2018, Aurobindo Pharma had said its US subsidiary has entered into a pact to acquire commercial operations and three manufacturing facilities in America from Sandoz Inc, USA, for USD 900 million.

    The acquisition was to be made through its wholly-owned subsidiary, Aurobindo Pharma USA Inc.

    The transaction if completed would have positioned the Hyderabad-based firm as the second largest dermatology player and the second-largest generics company in the US by prescriptions.

    Aurobindo Pharma Limited, headquartered at Hyderabad, India, manufactures generic pharmaceuticals and active pharmaceutical ingredients. The company's manufacturing facilities are approved by several leading regulatory agencies like US FDA, UK MHRA, Japan PMDA, WHO, Health Canada, MCC South Africa, ANVISA Brazil.

    Read also: Sandoz commits to keep prices of essential medicines stable amidst coronavirus fear

    The company's robust product portfolio is spread over 7 major therapeutic/product areas encompassing Antibiotics, antiretrovirals, CVS, CNS, Gastroenterologicals, Anti-Allergies and AntiDiabetics, supported by an outstanding R&D set-up. The Company is marketing these products globally, in over 150 countries.

    Read also: Aurobindo Pharma gets USFDA nod for Azithromycin 250 mg and 500 mg

    aurobindo-pharma sandoz acquisation 
    Source : PTI

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    Medical Dialogues Bureau
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      Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in. Check out more about our bureau/team here

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