Amneal to acquire Australian generics business from Actavis

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Amneal to acquire Australian generics business from Actavis

Home/Pharma News | Posted 15/05/2015 0 Post your comment

Privately held US generics maker Amneal Pharmaceuticals (Amneal) announced on 31 March 2015 that it had made a deal with the Australian subsidiary of Actavis to acquire the Australian generics business of Actavis for an undisclosed amount.

Both companies have agreed to work to prevent any disruption of supply to existing purchasers of generics from Actavis. In addition, Actavis has committed to continue to supply the Australian market with its generics until the transition is completed. The subsidiary lists more than 100 prescription generics on its website.

Actavis will also continue to supply its brand-name medications to the Australian market. Actavis products sold in Australia include osteoporosis treatment Actonel (risedronate) and a transdermal patch to treat overactive bladder Oxytrol (oxybutynin).

The sale of its Australian generics business marks another step by Actavis to distinguish itself as a brand-name medicines provider. Following the acquisition of Botox-maker Allergan by Actavis in November 2014 [1] the company stated its intention to adopt ‘Allergan’ as its corporate name. The company will, however, keep the Actavis name it says ‘for select geographic regions and product portfolios’ [2].

References
1. GaBI Online - Generics and Biosimilars Initiative. Actavis buys Allergan and joins pharma top 10 [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2015 May 15]. Available from: www.gabionline.net/Pharma-News/Actavis-buys-Allergan-and-joins-pharma-top-10

2. GaBI Online - Generics and Biosimilars Initiative. Actavis receives generic opioid approval and plans name change [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2015 May 15]. Available from: www.gabionline.net/Generics/News/Actavis-receives-generic-opioid-approval-and-plans-name-change

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Source: Actavis, Amneal