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Sun Acquires Novartis Cancer Drug In Specialty Push

 
• By Penelope MacRae

Sun Pharmaceutical Industries Ltd, India’s biggest drug firm, has struck a $175m deal to buy the branded skin cancer drug Odomzo from Novartis, continuing a drive to bulk up on higher-margin specialty products in the face of stiff pricing pressure on the generic front.

Indian generic drug companies have been on an aggressive quest to build scale in the higher-margin global specialty drug business as generic competition grows fiercer and Sun Pharmaceutical Industries Ltd. has been among firms leading the pack with a string of acquisitions in the branded dermatology and ophthalmology segments.

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