Tuesday, September 29, 2009

Lupin acquires US rights for Antara from Oscient Pharma for US$ 38.61 mn

Lupin Ltd, a fifth largest Indian Pharma company with net sales of Rs 3,775 crore, has acquired US rights for Antara (Fenofibrate capsules 43 mg, and 130 mg) for a total consideration of US$ 38.61 crore from Oscient Pharmaceuticals under the procedures of the US Bankruptcy Court. Antara recorded net sales of US$ 70 million for the year 2008.

The details can be read here.

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