Sandoz and Aurobindo have cancelled their billion-dollar deal through which the Indian company was planning to acquire Sandoz’ generic oral solids and dermatology businesses in the US.
Sandoz And Aurobindo Cancel US Deal
Billion-Dollar US Oral Solids And Dermatology Deal Called Off
Sandoz and Aurobindo have mutually agreed to terminate their billion-dollar agreement that would have seen the Indian company acquire Sandoz’ dermatology and oral solids businesses in the US, citing a delay in FTC approval for the deal.
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