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Hyderabad-based Aurobindo Pharma has inked a definitive agreement with Canadian pharmaceutical firm Apotex to take over its commercial operations in five European countries.
The two pharma players signed an all-cash deal amounting to 74 million euros, under which Aurobindo's step-down subsidiary Agile Pharma B V will acquire commercial businesses of Apotex and some supporting infrastructure, according to a regulatory filing by the Indian pharma major. The deal is expected to be finalised in three to six months.
Aurobindo takes over Apotex operations in five European countries for 74 million euros
Hyderabad-based Aurobindo Pharma has inked a definitive agreement with Canadian pharmaceutical firm Apotex to take over its commercial operations in five European countries.
The two pharma players signed an all-cash deal amounting to 74 million euros, under which Aurobindo's step-down subsidiary Agile Pharma B V will acquire commercial businesses of Apotex and some supporting infrastructure, according to a regulatory filing by the Indian pharma major. The deal is expected to be finalised in three to six months.
Aurobindo takes over Apotex operations in five European countries for 74 million euros