ANI Pharma (ANIP) Announces Acquisition of Sandoz Inc. NDAs
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ANI Pharmaceuticals Expands Branded Products Portfolio Through Acquisition of Sandoz Inc. NDAs
April 6, 2021 6:50 AM EDT-- Accretive transaction in line with growth strategy laid out for Branded Products business --
BAUDETTE, Minn.--(BUSINESS WIRE)-- ANI Pharmaceuticals, Inc. (ANI) (NASDAQ: ANIP) today announced that it 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 Companys pre-existing revolver credit... More
