Aspen Pharma offers to buy GlaxoSmithKline's thrombosis brands and manufacturing site

19 June 2013

UK pharma giant GlaxoSmithKline (LSE: GSK) said yesterday (June 18) that it has received an offer for its thrombosis brands and Notre-Dame de Bondeville (NDB) site from Aspen Global and Aspen Pharmacare (JSE: APN), South Africa’s largest drugmaker. A period of exclusivity has been agreed with Aspen and GSK will respond to the offer subject to consultation with employees and the relevant works councils.

The financial terms are confidential at this time, but the offer includes the transfer of the Arixtra (fondaparinux sodium) and Fraxiparine (nadroparin) - excluding China, India and Pakistan - brands to Aspen, along with the related manufacturing site and the majority of employees at NDB in France and certain dedicated commercial employees. Media reports suggest the deal size would be in the $700-$900 million range. The proposed transaction is aligned to GSK’s strategy of focusing on products with the most growth potential and the delivery of its pipeline, the UK firm said.

Assets originally acquired from Sanofi

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