Bold move to force decision in years-long Xifaxan dispute
Norwich Pharmaceuticals has submitted to the US regulator for approval to market a generic version of Xifaxan (rifaximin), a treatment for irritable bowel syndrome.
The move could mean imminent competition for Canada’s Bausch Health (TSX: BHC) and its gastroenterology business Salix Pharmaceuticals.
Bausch acquired Salix in 2015, for $14.5 billion. Apart from Xifaxan, the buy added several key treatments for gastrointestinal conditions to Bausch’s portfolio, including Apriso (mesalamine) and Uceris (budesonide), for ulcerative colitis.
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