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Mayne Completes Divestment Of US Generics To Dr Reddy’s

Indian Industry Giant Takes Control Of Australian Firm’s Generics Business

 
• By Dave Wallace

Mayne Pharma and Dr Reddy’s have announced the completion of a deal that will see the Indian company take over the Australian firm’s US generics business.

Completed word stamp green
Mayne and Dr Reddy’s have completed their deal • Source: Shutterstock

Mayne Pharma and Dr Reddy’s have promised to work together to ensure “a smooth transition for customers” after the Australian firm completed the divestment of its US generics business to the Indian player in a deal worth at least $90m, plus potentially up to $15m in contingent milestone payments.

Announcing the transaction in late February (see sidebar), Mayne disclosed that the divested business included around 45 commercialized products, four...

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