Australian Pharma co Strides Acrolab acquires Aspen generic pharma business
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Strides is reported to have completed the acquisition of the generic pharma business of Aspen pharmaceuticals at a value of Rs 1910 crore recently
Australian pharmaceuticals firm Strides Acrolab has made its foray in the Australian market again with its recent acquisition of Aspen Pharmacare’s generic pharmaceutical business at a reported acquisition cost of Rs 1910 crore.
The development paves the way for Strides Acrolab into the Australian market with an acquisition of a ready portfolio of Aspen’s 130 products comprising of pharmaceutical business (with certain branded pharmaceutical assets). As a part of the deal, the product pipeline that was under development by Aspen and a number of major product launches slated for the next six months has also been considered.
Australian pharmaceuticals firm Strides Acrolab has made its foray in the Australian market again with its recent acquisition of Aspen Pharmacare’s generic pharmaceutical business at a reported acquisition cost of Rs 1910 crore.
The development paves the way for Strides Acrolab into the Australian market with an acquisition of a ready portfolio of Aspen’s 130 products comprising of pharmaceutical business (with certain branded pharmaceutical assets). As a part of the deal, the product pipeline that was under development by Aspen and a number of major product launches slated for the next six months has also been considered.
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