Endo Pharmaceuticals is buying US generics’ giant Qualitest Pharmaceuticals for about Euros 850,000 in cash to expand its portfolio of pain drugs. This is its second acquisition in as many months; last month it acquired Penwest Pharmaceuticals for just over Euros 100 million. Shares in US-based Endo were on the rise following the news.
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Generics
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- FDA approves generic teriparatide and levetiracetam
- US generics launch and approval for Dr Reddy’s and Lupin
- Five Chinese companies join UN’s MPP for Covid-19 medicines
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Biosimilars
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- Insulin aspart and denosumab biosimilars approved in US
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