Generics deals for Mylan, Pfizer and Sun Pharma

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Generics deals for Mylan, Pfizer and Sun Pharma

INICIO/Noticias Farmacéuticas | Posted 14/08/2014 0 Post your comment

Not to be beaten by biosimilars manufacturers, generics makers are also jumping on the ‘deals’ bandwagon, with a plethora of collaborations announced in the past weeks.

Mylan announced on 14 July 2014 that it had entered into a definitive agreement with Abbott to acquire Abbott’s non-US developed markets specialty and branded generics business. The deal is intended to further diversify Mylan’s business and strengthen its commercial platform outside the US. The drugs covered in the deal include more than 100 specialty and branded generic pharmaceutical products in five major therapeutic areas (cardio/metabolic, gastrointestinal, anti-infective/respiratory, CNS/pain and women’s and men’s health) and include several patent protected, novel and/or hard-to-manufacture products with continued growth potential.

Pharma giant Pfizer announced on 16 July 2014 that it plans to acquire US-based generics maker InnoPharma for approximately US$360 million to strengthen its generics, injectable and ophthalmic products. InnoPharma’s current portfolio includes 10 generics approved by the US Food and Drug Administration (FDA). The company also has a pipeline of 19 products filed with FDA and more than 30 injectable and ophthalmic products under development.

Sun Pharmaceutical Industries announced on 16 July 2014 the acquisition of US-based sterile injectables maker Pharmalucence by one of its subsidiaries. The company is a leading manufacturer of radiopharmaceuticals and has developed injectables for cancer treatment.

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Source: Mylan, Pfizer, Sun Pharma