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Sandoz to Acquire Japanese Biz of AGI

Expands presence in the Japanese generics market and portfolio of hospital generic and biosimilar products

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By: Kristin Brooks

Managing Editor, Contract Pharma

Sandoz has entered into an agreement to acquire the Japanese business of Aspen Global Incorporated (AGI), a wholly owned subsidiary of Aspen Pharmacare Holdings Ltd. The acquisition consists of shares in Aspen Japan K.K. and associated assets held by AGI. Under the agreement, Sandoz will pay an initial cash consideration of €300 million, and a certain deferred consideration of up to €100 million. The acquisition expands Sandoz presence in the third largest worldwide generics market and comple...

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