ANI Pharma in deal with Merck for two NDAs
USA-based generic drugmaker ANI Pharmaceuticals (Nasdaq: ANIP) has agreed to acquire the New Drug Applications for purified corticotropin gel and corticotropin-zinc hydroxide from pharma giant Merck & Co (NYSE: MRK) for $75 million in cash and a percentage of future net sales.
ANI estimates that the current annual US market for the products it is acquiring is approximately $1 billion, as evidenced by sales of HP Acthar (repository corticotropin injection) gel marketed by Mallinckrodt Pharmaceuticals (NYSE: MNK). The acquisition is being funded through cash on hand and is subject to certain customary closing conditions.
Products approved for multiple disease states
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