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Sandoz Invests In Its Unique Antibiotics Offering

CEO Richard Saynor Outlines The Attraction Of Recently-Closed Deal With GSK

 
• By Dave Wallace

In the wake of a major deal to acquire GlaxoSmithKline’s cephalosporins business, Sandoz CEO Richard Saynor has set out why the company’s unique position means that antibiotics are an important area for investments, in an exclusive interview with Generics Bulletin.

Sandoz Logo Phone Screen Red Yellow Capsules
Sandoz has further committed to antibiotics with the GSK deal • Source: Alamy

When Sandoz announced in early 2021 that it was set to acquire GlaxoSmithKline’s cephalosporin antibiotics business in a transaction worth up to $500m, the company was clear on its ambitions with the deal, insisting that it would “further position Sandoz as a global leader in antibiotics – truly essential medicines that are the backbone of modern healthcare systems.”

Now, following the closing of the transaction – and speaking just before judges at the Global Generics & Biosimilars Awards 2021 crowned the deal as the off-patent industry’s acquisition of the year (Also see "Celltrion Takes Trio Of GGB Awards In Milan" - Generics Bulletin, 10 November, 2021

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