Novartis buys Aspen's Japanese generic unit for up to 400 million euros


Novartis is buying the Japanese generics unit of South Africa's Aspen Pharmacare in a deal worth up to 400 million euros ($440.80 million) to expand in the world's third-biggest drug market, the Swiss drugmaker said on Monday.

Novartis's Sandoz generics business agreed to pay 300 million euros initially, plus a deferred amount not expected to exceed 100 million euros based on certain conditions being met, Novartis said. Completion of the transaction is expected in the first half of 2020. Aspen Pharmacare has abandoned.....

This article is no longer available in our repository.

There could be multiple reasons for this.