Big pharma, M&A, Pharma

Mylan announces the acquisition of Arixtra from Aspen

Posted on 11 September 2014

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Mylan announces the acquistion of the U.S. commercialization, marketing and intellectual property rights of Arixtra.

Arixtra is an injection designed for the prophylaxis of deep vein thrombosis.

Arixtra, which is part of Aspen Global Incorporated, is already being sold through an interim distribution arrangement.

Mylan will also acquire the rights to the authorized generic version of Arixtra.

Apotex, which is currently selling the generic version of the drug, will be transitioning to Mylan Institutional by the end of 2014.

Arixtra is also known as fondaparinux sodium.

Mylan will pay Aspen $225 million once the transaction is complete.

An additional $75 million will be held in escrow and released under certain conditions.

For further deal information visit Current Agreements (subscription required)

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