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.
Amneal to acquire Australian generics business from Actavis
Home/Pharma News
|
Posted 15/05/2015
0
Post your comment

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].
Related article
Actavis to buy UK generics maker Auden McKenzie
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
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 © 2015 Pro Pharma Communications International. All Rights Reserved.
Source: Actavis, Amneal
Guidelines
FDA issues guidance on AI use in drug and biologicals regulatory decision making
ICH adopts Good Clinical Practice Guideline for clinical trials
Policies & Legislation
NPRA Malaysia trials new timelines for variation applications
Regulatory evolution and impact of simplified requirements for interchangeable biosimilars in the US
Most viewed articles
The best selling biotechnology drugs of 2008: the next biosimilars targets
Global biosimilars guideline development – EGA’s perspective
Related content
Bio-Thera partners with Tabuk in Saudi Arabia and SteinCares in LATAM
Klinge-Teva and MS Pharma agreements for Eylea and Stelara biosimilars in Europe and MENA
Biosimilars thrive as China’s biotech industry gains momentum
Greener Pharmaceuticals: WHO's call for innovative regulatory practices and eco-friendly innovations
Bio-Thera partners with Tabuk in Saudi Arabia and SteinCares in LATAM

Home/Pharma News Posted 18/02/2025
Klinge-Teva and MS Pharma agreements for Eylea and Stelara biosimilars in Europe and MENA

Home/Pharma News Posted 06/02/2025
Greener Pharmaceuticals: WHO's call for innovative regulatory practices and eco-friendly innovations

Home/Pharma News Posted 15/01/2025
The best selling biotechnology drugs of 2008: the next biosimilars targets

Post your comment