Sandoz concludes acquisition of antifungal agent Mycamine from Astellas
Basel: Sandoz has successfully completed the acquisition of worldwide brand rights for systemic antifungal agent Mycamine (micafungin sodium, Funguard in Japan) from Astellas.
Through this acquisition of the global echinocandin, one of three major antifungal classes, Sandoz significantly reinforces its global hospital offering and leading anti-infectives portfolio.
Astellas reported Mycamine sales of JPY 14.2 billion (USD 105 million) for the year ending March 31, 2023. The announcement comes after Sandoz successfully completed the acquisition of GSK’s global cephalosporins portfolio in October 2021.
Sandoz, a Novartis division, is a global leader in generic pharmaceuticals and biosimilars. The company's broad portfolio of medicines covers all major therapeutic areas.
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