ANI Pharma acquires Vancocin assets from Shire

2 August 2014

US generic drugmaker ANI Pharmaceuticals (Nasdaq: ANIP) says it has acquired the US rights for the antibiotic Vancocin (vancomycin HCl) 125mg and 250mg capsules from Shire (LSE: SHP), the Ireland-based pharma company that has just succumbed to a $53 billion takeover offer from AbbVie (NYSE: ABBV).

In addition, ANI acquired from Shire approved Abbreviated New Drug Applications for the currently non-marketed products vancomycin injectable 500mg, 1gm and 10gm ($45 million in 2013 market value, per IMS Health) and vancomycin oral solution 250mg and 500mg.

Pays $11 million for Vancocin rights

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