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Sandoz Pushes Further Into High-Barrier Generics With $1.5B Acquisition of Fougera

 
• By Lisa LaMotta

Sandoz is acquiring the U.S. generics dermatology business Fougera, which formerly belonged to Nycomed, for $1.5 billion in cash, giving it entry into a highly profitable niche market.

Sandoz’ acquisition of Fougera Pharmaceuticals for $1.5 billion in cash will catapult it into the number one position in generic dermatology, a lucrative, but niche, area of generics and one that has generally been overlooked, at least until now, by larger players.

The deal is “a strategic bolt-on, with synergy potential,” head of Sandoz, Jeff George, said in an interview. Sandoz, the...

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More from North America

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• By Cathy Kelly

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