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Dr Reddys Labs concludes acquisition of Mayne Pharma's US generic prescription product portfolio

Ruchika SharmaWritten by Ruchika Sharma Published On 2023-04-08T13:00:47+05:30  |  Updated On 8 April 2023 1:00 PM IST
Dr Reddys Labs inks pact with Henlius for commercialization of multiple myeloma injection HLX15 in US, Europe
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Hyderabad: Pharma major, Dr Reddys Labs, has recently announced that the company has completed the acquisition of Mayne Pharma's U.S. generic prescription product portfolio.

The portfolio includes approximately 45 commercial products, four pipeline products and 40 approved non-marketed products, including a number of generic products focused on women’s health. For the financial period ended June 30, 2022, Mayne Pharma reported total revenue of $111 million (USD) for the acquired portfolio. Approved high-value products include a hormonal vaginal ring, a birth control pill and a cardiovascular product.

The acquisition complements Dr. Reddy’s U.S. retail prescription pharmaceutical business with limited competition products.

Marc Kikuchi, Chief Executive Officer, North America business, Dr. Reddy’s, had said, “This important acquisition provides our North America organization with a significant foothold in the women’s health space. The acquisition is in line with our stated strategy to enhance our portfolio in our chosen growth markets. We are well-positioned to successfully integrate the portfolio and grow the business.”

Erez Israeli, Chief Executive Officer, Dr. Reddy’s, had said, “The U.S. has always been an important market for us. The portfolio of products acquired from Mayne Pharma is a strategic fit with our growth objectives. The portfolio includes some high entry-barrier products. It also complements our existing portfolio by introducing products focused on women’s health. Our strong balance sheet enables us to acquire products of strategic importance to strengthen our base business and build for long-term growth.”

The value of the total addressable market for the pipeline and approved non-marketed products in the U.S. is approximately $3.6 billion (USD) for the calendar year ending in December 2022 according to IQVIA.

Read also: Eris Lifesciences acquires 9 Dermatology brands from Dr Reddy's Labs for Rs 275 crore



dr reddys labsdr reddys labs newsacquisitionMayne Pharma
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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