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ANI expands marketed generic product portfolio
August 12, 2015
By: Kristin Brooks
Managing Editor, Contract Pharma
ANI Pharmaceuticals, Inc. has entered an agreement with IDT Australia, Ltd. to commercialize as many as 18 marketed U.S. generic drug products. ANI paid $1.0 million for exclusive rights to the North American market and will share in a percentage of profits upon commercialization. The total current annual U.S. market for these products is $538 million according to IMS Health. Arthur S. Przybyl, president and chief executive officer of ANI Pharmaceuticals, stated, “This partnership rep...
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