Aspen’s ACCC okay

December 17, 2010

THE Australian Competition and Consumer Commission has given its approval for Aspen Pharmaceuticals to takeover Sigma’s pharmaceutical division. The approval did however come with the stipulation that Aspen sell its LPV brand, as well as Sigma’s Sone and Solone brands containing prednisone and prednisolone respectively, in order to address competition concerns. Sigma also agreed to keep its iron supplement Ferrosig, to avoid an Aspen monopoly. “Without the proposed divestitures, Aspen would become the sole supplier in these pharmaceutical markets,” the ACCC said in a statement

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Pharmacy Daily | Aspen’s ACCC okay

Aspen’s ACCC okay

Other recent headlines

Mayne pushes Sun Pharma

Unscripted alcohol debate

LTR secures millions in capital raise

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES