Actavis sells infrastructure to India's Aruobindo

Share this article:

Generics firm Actavis announced Friday that it was selling its pharmaceutical commercial infrastructure in France, Italy, Spain, Portugal, Belgium, Germany and the Netherlands, including products, marketing authorizations and dossier license rights to India's Aurobindo Pharma, which has been on a path of expanding its European footprint.

Friday's announcement follows Bloomberg's report that Actavis is looking to extricate itself from China. CEO Paul Bisaro told Bloomberg at the JP Morgan Healthcare conference that China's business climate is too difficult to continue to operate in. “It wasn't worth the aggravation, the frustration or the concern.”

Share this article:
You must be a registered member of MMM to post a comment.
close

Next Article in Business Briefs

Email Newsletters

MM&M EBOOK: PATIENT ACCESS

Patient access to pharmaceuticals is a tale of two worlds—affordability has improved for the majority, while the minority is hampered by cost, distribution and red tape. To provide marketers with a well-rounded perspective, MM&M presents this e-book chock full of key insights. Click here to access it.

More in Business Briefs

Monday Moves: September 15

Hires and promotions for manufacturers, regulatory and agencies

Kantar acquires Evidências, expands Brazilian presence

The company's acquisition signals the growing importance of understanding the Brazilian healthcare market and evidence-based healthcare management services.

Study says statins not enough for diabetic hearts

Researchers using an experimental test have discovered that the 50% of surveyed diabetics may also have undetected heart muscle damage.