Daiichi Sankyo to divest eight legacy products to Cosette Pharmaceuticals

20 January 2022

Japanese drug major Daiichi Sankyo (TYO: 4568) edged up 1.6% to 2,608 yen after it revealed it has entered into an agreement with Cosette Pharmaceuticals, whereby it divested and Cosette acquired rights for manufacturing, commercialization, and certain other rights for the following products in the USA:

Azor (amlodipine/olmesartan medoxomil)
Benicar (olmesartan medoxomil)
Benicar (olmesartan medoxomil/hydrochlorothiazide)
Effient (prasugrel)
Evovax (cevimeline HCL)
Tribenzor (olmesartan medoxomil/amlodipine/hydrochlorothiazide)
Welchol (colesevelam HCL) tablets
Welchol (colesevelam HCL) oral Suspension

According to IQVIA, US annual sales for the acquired products for the 12 months ended November 2021 were approximately $123 million. No financial details of the transaction will be disclosed.

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