GlaxoSmithKline and Sun Pharmaceutical have reached an agreement related to GSK’s Opiates business in Australia.
The current GSK Opiates business including related manufacturing sites in Latrobe (Tasmania) and Port Fairy (Victoria) and its portfolio of opiates products along with inventory, will transfer to a subsidiary of Sun Pharma.
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The product portfolio consists of poppy-derived opiate raw materials that are primarily used in the manufacture of analgesics for the treatment of moderate to severe pain.
The financial terms of the transaction are confidential.
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