Home | Welcome to Contract Pharma   
Last Updated Monday, September 1 2014
Print RSS Feed

Aurobindo To Acquire Actavis' Generics Infrastructure



By Kristin Brooks



Published January 20, 2014
Related Searches: Pharma
Actavis has entered an agreement with Aurobindo Pharma Ltd. under which Aurobindo would acquire Actavis' generic commercial operations in France, Italy, Spain, Portugal, Belgium, Germany and the Netherlands, including products, marketing authorizations and license rights. The two companies would also enter into a long-term strategic supply agreement.The transaction is subject to certain antitrust approvals and completion of employee consultation processes.
 
The acquisition would creates one of the largest Indian generic pharmaceutical companies in Europe and expands Aurobindo’s existing European operations with additional capabilities in seven countries, and includes brands such as Arrow Generiques.


"We believe that the value created by the commercial operations in these seven markets will be better maximized by Aurobindo, which will gain scale, additional products and enhanced competitive market share position as a result of this transaction," said Sigurdur Oli Olafsson, president, Actavis Pharma. "This transaction will permit Actavis to focus management time and resources to support accelerated investment in driving faster growth of other markets, including Central and Eastern Europe and Southeast Asia."
 
Until the transaction is completed, Actavis will continue to operate the commercial businesses.
 
Rothschild and Latham & Watkins acted as financial adviser and legal counsel to Actavis, respectively. Jefferies International acted as financial advisor and Herbert Smith Freehills LLP as legal counsel to Aurobindo.


blog comments powered by Disqus
Receive free Contract Pharma Direct emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Follow Contract Pharma On