Fougera Pharmaceuticals Merged with Sandoz

Sandoz has finished its USD 1.525 billion purchase of subject US dermatology company Fougera Pharmaceuticals throughout the cash and debt free manner.

Fougera had net revenue from USD 429 million in 2011 in the US alone and, coordinated with Sandoz's actual generic dermatology franchise, this opportunity Sandoz just like the new #1 in generic dermatology treatments both worldwide and in America.

Fougera has strong dermatology progress and manufacturing experience, particularly within the area of semi-solid forms an example would be creams and ointments, in addition to a widely known branded business, PharmaDerm.

"We are very happy to merge Fougera's strong portfolio and pipeline of dermatology medicines along with Sandoz's existing global leadership opportunities in biosimilars and generic injectables, ophthalmics and antibiotics," said Sandoz's global head Jeff George.

"This will help to substantially improve the range of economical, high-quality treatments that Sandoz presents to affected individuals and payors in the US and worldwide."

Alongside building upon the couple of companies' overlapping list of clients in the United States if America, Sandoz will use both its leading position in the US generics segment along with its existence in over 140 nations to build Fougera's broad skin portfolio to new markets worldwide.

"We accept Fougera into Sandoz and Novartis and we stay up for working together to fulfill the demands of most our stakeholders," said Don DeGolyer, President of Sandoz US.

 "Sandoz and Fougera share a powerful culture based upon quality, perfection, and a dedication to reach the interests of the affected individuals we serve."