Beximco expands US portfolio with buy of eight ANDAs

20 February 2019

In another sign that Sandoz is moving away from straight generics to focus on biosimilars, the company has off-loaded eight Abbreviated New Drug Applications (ANDAs) in the USA to Bangladesh-based generics drugmaker Beximco Pharmaceuticals (AIM: BXP).

Financial terms of the deal between Sandoz, a unit of Swiss pharma giant Novartis (NOVN: VX) and Beximco have not been revealed, nor were details of which generic products are included in the transaction.

Beximco Pharma’s current US portfolio comprises six US Food and Drug Administration approved products. Four of these products are currently being exported to the USA and two products are awaiting regulatory approval. Following this transaction, Beximco Pharma’s US portfolio will consist of 14 approved ANDAs.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK