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ANI Acquires Branded Products Portfolio from Sandoz

Enter multi-year manufacturing and supply agreement.

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By: Charlie Sternberg

Associate Editor

ANI Pharmaceuticals Inc. has acquired the new drug applications (NDAs) for Oxistat Lotion, Veregen Ointment, and Pandel Cream and the abbreviated new drug application (ANDA) for ApexiCon E Cream from Sandoz Inc. Pandel Cream will be transitioned later upon receiving the requisite approvals.   Collectively, these products generated net revenues of $13.2 million in 2020. The acquisition was funded through borrowings under the Company’s pre-existing revolver credit facility.   In conjunction with t...

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