Takeda’s generic business is acquired by Sun Pharma subsidiary
Hannah Blake
pharmaphorum
Sun Pharmaceuticals has announced that its wholly-owned subsidiary, Caraco Pharmaceutical Laboratories, has entered into a definitive agreement with Takeda Pharmaceuticals to buy its URL Pharma generic business.
Japanese drug maker, Takeda, acquired URL Pharma, a formerly privately-held Philadelphia-based pharmaceutical company, in June 2012.
Upon completion of the purchase, the non-Colcrys (colchicine, USP) generic assets of URL Pharma will be owned and managed by Caraco. The deal is subject to satisfaction of customary closing conditions, including applicable regulatory approvals.
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Related news:
Sun Pharma arm to buy Takeda's US-based generics subsidiary URL Pharma (Economic Times)
Sun Pharma arm to buy generics business of US-based URL Pharma (Business Today)
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