India's Aurobindo Pharma is taking over some of Actavis' operations in seven western European countries for around 30 million euros as part of its strategy to expand in the continent.
The deal gives Aurobindo "personnel, commercial infrastructure, products, marketing authorizations and dossier licenses" in France, Italy, Portugal, Netherlands, Belgium, Spain and Germany. The Hyderabad-based firm has been expanding its presence iunthe latter two countries and the UK since 2006 and the Actavis deal will it with "a top 10 position in several key markets".
Read more at: http://www.pharmatimes.com/Article/14-01-20/Actavis_sells_seven_European_businesses_to_Aurobindo.aspx#ixzz2r13wYgYE
