Posted on 12 February 2015
Tags: acquisition, Actavis, asset purchase, big pharma, partnering
Actavis has entered into an agreement with Mayne Pharma, under which it will divest the U.S. rights to the Doryx brand acne treatment and related assets to Mayne for approximately $50 million.
The transaction is expected to close prior to the end of February.
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Under the terms of the agreement, Actavis will continue to package, distribute and actively promote the product for a transition period until May 2 following the close of the transaction.
For further deal information visit Current Agreements (subscription required)
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