Hotline: 1800 102 2007
Hotline: 1800 102 2007
Sep, 06 2018

Aurobindo Pharma to Acquire Sandoz’s Dermatology, Oral Solid Business For $900 Million

The transaction will position Aurobindo as the second largest generic player in the US by prescriptions.

Aurobindo Pharma to Acquire Sandoz’s Dermatology, Oral Solid Business For $900 Million

Hyderabad-based Aurobindo pharma has acquired Sandoz Inc’s dermatology and oral solid business for $900 million in cash. Sandoz is a subsidiary of Swiss drug maker Novartis.

The transaction will position Aurobindo as the second largest generic player in the US by prescriptions. It is expected to be completed by end of 2019.

For Aurobindo, the deal will add approximately 300 products in the US.

Govindarajan, Managing Director of Aurobindo, said, "The acquisition announced today is in line with our strategy to grow and diversify our business in the US. Acquiring these businesses from Sandoz will allow us to further expand our product offering and to become a leading player in the generic dermatology market.”

"As we have done in some of our previous acquisitions, we will be focused on leveraging our Group's market-leading vertically integrated and highly efficient manufacturing base to enhance the market position and medium-term profitability of the businesses we are acquiring," Govindarajan further added.

Some of the products which are included in the deal are topical antibiotics, gynaecological and dermatological antifungal agents, anti-acne agents, local anaesthetic analgesics, anti-itch, and dermatological chemotherapeutic agent.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: At DogSpa we love to spoil, treat and pamper..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Templebells Play School goal is to respond to the..
    Locations looking for expansion karnataka
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore karnataka
  • About Us: The Purple Salon & Spa is your destination for..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Clinics & Nursing Homes
    Vivo Healthcare..
    Locations looking for expansion Haryana
    Establishment year 2009
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gurgaon Haryana
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities