ANI Pharmaceuticals acquires 22 generics from Teva

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ANI Pharmaceuticals acquires 22 generics from Teva

Genéricos/Novedades | Posted 14/08/2015 0 Post your comment

US-based brand-name and generics manufacturer ANI Pharmaceuticals (ANI) announced on 13 July 2015 that it had acquired 22 previously marketed generics from Teva Pharmaceutical Industries (Teva).

ANI paid US$25 million in cash and will give a percentage of future gross profits from sales of the generics. The generics in question include 19 solid-oral dosage products and three oral suspension products.

ANI intends to initially focus on the technology transfer for four products that qualify as CBE30 filings (Changes Being Effected: a filing with the FDA to gain approval of a moderate change) into ANI’s two manufacturing facilities in Baudette, Minnesota, USA. These four products have a combined market value of US$210 million for the last 12 months. The total market value for all 22 products is US$650 million for the last twelve months.

ANI also acquired 31 generics from Teva back in December 2013 and the company has a generic testosterone gel partnership with Teva [1]. This latest deal expands ANI’s product pipeline to 68 products with a total market value of US$3.9 billion, according to IMS Health.

Reference
1. GaBI Online - Generics and Biosimilars Initiative. ANI Pharmaceuticals acquires 31 generics from Teva [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2015 Aug 14]. Available from: www.gabionline.net/Generics/News/ANI-Pharmaceuticals-acquires-31-generics-from-Teva

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Source: INI