Aurobindo Pharma to Take Over Apotex’s Business in Five European Countries
A pharmaceutical manufacturing company, Aurobindo Pharma Limited has reportedly signed a well-defined deal for the purpose of acquiring the business of Apotex International Inc. in five European countries for $86.5 million (€74 million).
The countries in which the Hyderabad-based company is looking forward to acquiring the commercial operations and certain supporting infrastructure are Poland, Czech Republic, the Netherlands, Spain, and Belgium.
“The acquisition will extend and diversify Aurobindo’s European product portfolio by adding over 200 generics and more than 80 over-the-counter products that had total sales of 133 million euros in the year ending March 2018,” Aurobindo Pharma stated.
The basic aim of the company behind this acquisition deal is to make its European business st...