The US Federal Trade Commission was seen to flex its muscles on Friday, as it imposed conditions on two proposed M&A deals.
Indian generic drug manufacturer Lupin (BSE: 5002571) and GAVIS Pharmaceuticals will sell the rights and assets for two generic drugs, one used to treat bacterial infections and the other to for ulcerative colitis, in order to settle FTC charges that Lupin’s planned $850 acquisition of USA-based GAVIS would likely be anticompetitive (hr Pharma Letter July 23, 2015).
The proposed consent order preserves competition by requiring the companies to divest these products to the New Jersey, USA-based generic pharmaceutical company G&W Laboratories.
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.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
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
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze