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To divest Arixtra and Fraxiparine brands for $1.1 billion
September 30, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
GlaxoSmithKline has agreed to sell its thrombosis drug brands and a related factory to Aspen Pharmacare for approximately $1.1 billion. GSK owns an 18.6% stake in Aspen, South Africa’s largest generic drug company. The divestment includes the Arixtra and Fraxiparine brands, whose worldwide sales are declining as new drugs are set to launch. GSK plans to retain the rights to these brands in China, India and Pakistan.
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