• Saturday, Feb 04, 2023
  • Last Update : 09:54 am

Beximco to acquire eight drug applications of Sandoz

  • Published at 07:31 pm February 19th, 2019
Beximco Pharma’s

Beximco Pharma’s current US portfolio is comprised of six US Food and Drug Administration (FDA) approved products

Beximco Pharmaceuticals Ltd on Tuesday announced the signing of a definitive agreement with Sandoz Inc, a division of Novartis, to acquire a portfolio of eight abbreviated new drug applications (ANDAs) in the US for an undisclosed amount, according to a press release.

Beximco Pharma’s current US portfolio is comprised of six US Food and Drug Administration (FDA) approved products.

Four of these products are currently being exported to the US and two products are awaiting regulatory approval. Following this transaction, Beximco Pharma’s US portfolio will consist of 14 approved ANDAs.

Nazmul Hassan, managing director of Beximco Pharmaceuticals, said: “The acquisition of these ANDAs from Sandoz, a global leader in the generics market, significantly strengthens our position in the US, expanding our portfolio to 14 approved products. The acquisition is expected to provide a major boost to our export sales in the future and we look forward to continuing to build our presence in this important strategic market for Beximco Pharma.”

In August 2016, Beximco Pharma became the first Bangladeshi pharmaceutical company to export medicine to the US market following its manufacturing site approval by the US FDA in June 2015.  

Beximco Pharma is a leading exporter of pharmaceuticals in Bangladesh. The company currently has a global footprint in more than 50 countries and has been accredited by leading global regulatory authorities including the US FDA, AGES (EU), TGA (Australia), Health Canada, GCC (Gulf), and TFDA (Taiwan). 

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail