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Sandoz Industrial Products will maintain its operations associated with the CordenPharma Group, the pharma platform of ICIG
February 24, 2016
By: Tim Wright
Editor-in-Chief, Contract Pharma
International Chemical Investors Group (ICIG) and Novartis Group have entered into an agreement under which ICIG will acquire all of the shares in Sandoz Industrial Products GmbH, a Frankfurt-Höchst-based manufacturer of enzyme-based fermentation products and intermediates for the pharmaceutical industry, especially for the use in antibiotics. Closing of the transaction is anticipated to occur on April 1, 2016. Sandoz’s decision to withdraw from the production of intermediates for 7-ACA antib...
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