Roche acquiring P&G's stake in U.S. OTC joint venture covering Aleve, Femstat 3.
ROCHE GAINING SOLE RIGHTS TO OTC ALEVE AND FEMSTAT 3 under an agreement with Procter & Gamble announced by the companies June 27. Roche Holding Ltd. will acquire P&G's 50% interest in the company's U.S. Rx-to-OTC switch joint venture with Syntex. P&G, which has dedicated considerable marketing resources to the two switch products -- over $100 mil. to launch Aleve -- reports that it will see a "$120 mil. after-tax gain" in the fourth quarter as a result of the sale. However, P&G says the sale of its stake in the joint venture will provide a greater return than would continued marketing of the products.
More from Archive
Advanz Pharma would have had to show that the European Commission’s decision to revoke Ocaliva’s conditional marketing approval risked causing serious and irreparable harm, according to lawyers from Van Bael & Bellis.
This is your final call to participate in the survey to better understand our subscribers’ content and delivery needs. The deadline is 20 September.
We are conducting a survey to better understand our subscribers’ content and delivery needs. If there are any changes you’d like to see in coverage topics, article format, or the method in which you access the Pink Sheet – or if you love it how it is – now is the time to have your voice heard.
A new pilot aims to take Brazil closer to ‘digital transformation.’