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Aspen Pharma Buys Sandoz’s China Operations for $120 Million

publication date: Dec 7, 2023

Aspen Pharmacare of South Africa will expand its China operations by acquiring Sandoz’s China business for $100 million plus $20 million in revenue milestones for the portfolio. In return, Aspen will sell European rights to four anesthetic products to Sandoz for $60 million plus $10 million if sales meet targets. After the agreement closes, Aspen will have rights to Sandostatin, Aclasta and Voriconazole plus a pipeline of products that will be available in China in the medium term. Aspen expects the China products will add $60 million to its revenues, while it will lose $15 million from its European sales. More details....

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