1. Generics Bulletin

Endo Breaks Off Deal To Acquire Somerset And Wintac

 
• By Dave Wallace

Endo has announced that it will not pursue a previously-announced US$190 million deal to augment its injectables portfolio and pipeline by acquiring Somerset Therapeutics and its India-based Wintac contract development and manufacturing business. The news comes as Endo has reported US generics sales down by a third – and total turnover down by 15% – in 2018.

Broken
Endo Has Broken Off Its Deal For Somerset And Wintac • Source: Shutterstock

Endo has terminated a previously-announced deal to acquire New Jersey-based injectables and ophthalmics specialist Somerset Therapeutics and its Indian contract development and manufacturing affiliate Wintac for around US$190 million.

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