Zentiva has signed a definitive agreement to acquire Alvogen’s business in central and eastern Europe for an undisclosed fee. The transaction, which is scheduled to close in the first quarter of 2020, subject to customary approvals, marks the latest move to consolidate in the European off-patent market since Zentiva was acquired last year from Sanofi by private-equity investor Advent International.
Zentiva Snaps Up Alvogen’s CEE Operations
Alvogen To Focus On Asia And Alvotech’s Biosimilars
Acquiring Alvogen’s operations in central and eastern Europe will strengthen private equity-backed Zentiva’s presence in both the generics and OTC markets.
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