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Dr Reddy’s Swallows Up Mayne’s US Generics Portfolio For $90m+

Indian Firm Strikes Deal For US Prescription Interests Of Australian Player

 
• By Dave Wallace

Dr Reddy’s has struck a deal to pay at least $90m for the US prescription generics portfolio of Mayne Pharma. The transaction covers products including Mayne’s recently-launched rival to NuvaRing.

Big Fish Eats Little Fish M&A Concept
Dr Reddy’s has agreed to swallow up Mayne’s US prescription portfolio • Source: Shutterstock

Dr Reddy’s has agreed to acquire the US prescription generics portfolio of Australia’s Mayne Pharma in a deal worth at least $90m.

Generating sales of $111m in Mayne’s financial year ended 30 June 2022, the portfolio “includes approximately 45 commercial products, four pipeline products and 40 approved non-marketed products, including a

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