Sun Pharmaceutical Industries Ltd. is entering the Japanese pharma market by acquiring a bundle of 14 established prescription brands from Novartis AG's local subsidiary, in an anticipated move that echoes a similar transaction between Takeda Pharmaceutical Co. Ltd. and Teva Pharmaceutical Industries Ltd. last year.
A subsidiary of the Indian generics-focused firm will buy the therapeutically diverse portfolio – which has combined annual revenues of around $160m – for $293m in cash
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