Zydus Cadila acquires US specialty pharma company
Indian drugmaker Zydus Cadila has made its entry into the US specialty prescription market with the acquisition of Sentynl Therapeutics, a pharma company specialized in marketing of products in the pain management segment.
The transaction will be earnings per share (EPS) accretive, the company stated. Although financial terms of the transaction were not disclosed, ahead of the announcement, media reports on Wednesday suggested the company was all set to buy Sentynl for $171 million.
With this acquisition, Zydus makes a foray into the specialty pain market in the US valued at $8 billion. It gains access to the specialty distribution network and a large prescriber base. Sentynl provides healthcare professionals with treatment solutions that enable them to meet the needs of individual patients. This acquisition will also enable the Zydus group to leverage its existing assets in the USA.
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