Home / Pharma News / Amneal and Impax combine to create 5th largest US generics company

Amneal and Impax combine to create 5th largest US generics company Posted 03/11/2017

US generics makers Amneal Pharmaceuticals (Amneal) and Impax Laboratories (Impax) announced on 17 October 2017 that they had entered into a definitive deal to combine the two companies.

The combined company, which will be called Amneal Pharmaceuticals, will have a generics business that is expected to rank as the 5th largest in the US by gross revenue and a growing, high-margin specialty franchise. Products from Impax’s specialty portfolio include Parkinson’s medication Rytary (carbidopa/levodopa), headache medicine Zomig Nasal Spray (zolmitriptan), pinworm treatment Emverm (mebendazole) and parasitic worm treatment Albenza (albendazole).

In addition to its broad existing commercial product portfolio, the combined organization will have a diverse and differentiated pipeline with more than 300 products either filed with the US Food and Drug Administration or in active stages of development. The combined company has 150 pending abbreviated new drug applications (ANDAs) and 165 projects in active stages of development. A significant number of the marketed products also hold the 1st or 2nd position in their relevant markets.

The deal will, according to Paul Bisaro, President and Chief Executive Officer of Impax, ‘create a more diversified company with one of the industry’s leading high-value generic drug product pipelines and a growing specialty business’.

The transaction is expected to generate US$200 million of annual cost savings within three years due to synergies within the two companies. It will also give Amneal Holdings members 75% and Impax shareholders approximately 25% of the new company’s pro forma shares on an as converted basis.

Related articles
Allergan makes deal with Amneal over its Namenda XR generic

Anticompetitive acquisition forces generics sale

Permission granted to reproduce for personal and non-commercial use only. All other reproduction, copy or reprinting of all or part of any ‘Content’ found on this website is strictly prohibited without the prior consent of the publisher. Contact the publisher to obtain permission before redistributing.

Copyright – Unless otherwise stated all contents of this website are © 2017 Pro Pharma Communications International. All Rights Reserved.

Source: Amneal, Impax

Comments (0)

Generics News Research General

more

Biosimilars News Research General

more