Sandoz gains rights to three established brands sold in more than 100 markets- Transaction, including leading global brand Zinnat®, complements
Sandoz leadership in generic penicillins with leading position in cephalosporins - Acquisition confirms
Sandoz commitment to antibiotics, following announcement of further investment plans for European-based manufacturing network
Through this transaction,
“Antibiotics are the backbone of modern healthcare systems and a central pillar of our worldwide
“Cephalosporins are the largest antibiotic segment by global sales and this acquisition complements our #1 position in generic penicillins, the other key segment. It also sets us up for additional synergies driven by an increased promotional footprint across markets.”
The transaction excludes rights to certain brands previously divested by GSK in the US,
In line with its integrated manufacturing strategy,
Disclaimer
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by words such as “potential,” “can,” “will,” “plans,” “commitment,” “to acquire,” “to expand,” “expected,” “intends,” “expect,” “focus,” “complements,” “leading,” or similar terms, or by express or implied discussions regarding the agreement to acquire GSK’s cephalosporin antibiotics business; or regarding potential future revenues from Zinnat, Zinacef or Fortum. You should not place undue reliance on these statements. Such forward-looking statements are based on our current beliefs and expectations regarding future events, and are subject to significant known and unknown risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. There can be no guarantee that the expected benefits or synergies from the transaction described in this press release will be achived in the expected timeframe, or at all. Neither is there any guarantee that Zinnat, Zinacef or Fortum will be commercially successful in the future. In particular, our expectations regarding the transaction described in this press release and Zinnat, Zinacef and Fortum could be affected by, among other things, regulatory actions or delays or government regulation generally; the particular prescribing preferences of physicians and patients; competition in general, including potential approval of additional generic or biosimilar versions of such products; global trends toward health care cost containment, including government, payor and general public pricing and reimbursement pressures and requirements for increased pricing transparency; litigation outcomes, including intellectual property disputes or other legal efforts to prevent or limit
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+41 79 584 23 26 (mobile) richard.jarvis@novartis.com | +49 174 244 9501 (mobile) chris.lewis@sandoz.com |
Novartis Investor Relations
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