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Apotex-Strides tie-up is cleared by ACCC

 
• By Grace Montgomery

Australia’s Competition and Consumer Commission (ACCC) has approved Apotex and Strides Pharma Science’s agreement to merge their Australian businesses, deciding that the transaction “will not substantially lessen competition in any market”.

Australia’s Competition and Consumer Commission (ACCC) has approved Apotex and Strides Pharma Science’s agreement to merge their Australian businesses, deciding that the transaction “will not substantially lessen competition in any market”.

In its announcement, the ACCC said it had decided “not to oppose the merger” that was first announced earlier this year (Generics bulletin, 11 May 2018, page 3)

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