Sandoz completes acquisition of GSK’s cephalosporin business in the Philippines
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Sandoz completes acquisition of GSK’s cephalosporin business in the Philippines

/ 10:52 AM December 17, 2021

Sandoz, a Novartis division, has successfully completed the acquisition of GSK’s cephalosporin antibiotics business.

Through this transaction, Sandoz has acquiredrights to three established brands (Zinnat, Zinacef and Fortum)) in more than 100 markets, including the Philippines, further reinforcing its leading global position in antibiotics. In 2020, the three brands had combined sales of approximately USD 140 million in the relevant markets.

“Antibiotics are the backbone of modern healthcare systems and a central pillar of our worldwide Sandoz patient offering”, said Sandoz CEO Richard Saynor. “The successful and timely closing of this important transaction is further proof of our commitment at Sandoz to be a leading global supplier of these essential medicines.

“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.”

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According to Eleanor Lopez, Sandoz Philippines Country Head, “This acquisition further solidifies our commitment to strengthen our portfolio to better serve and reach more Filipino patients—indeed, making access happen.”

In line with its integrated manufacturing strategy, Sandoz intends in the longer term to manufacture Zinnat at sites in its own network, which has global antibiotics production centered on its lead production site in Kundl, Austria. In May, Sandoz announced plans to invest more than EUR 150 million in its uniquely vertically-integrated, European-based antibiotics network.

ADVT.

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