Basel, 13 August 2007
Roche
and Actavis agree on product transactions Divestment of three Roche pharmaceutical
products to Actavis underlines strong focus on key therapy areas
Roche
and Actavis, a leading generic pharmaceutical company based in Iceland, have signed agreements for the
sale of three Roche pharmaceutical products to Actavis. All product rights – with some territorial exceptions
– for Bezalip and Rapilysin, both used in the cardiovascular field, and for the dermatology product
Neotigason are being transferred to Actavis. In Latin America Roche will continue to distribute the
products under a license of Actavis. In 2006 these three products had combined sales of 140 million
Swiss francs. The transactions are expected to close in stages in late 2007 and early 2008, subject
to standard closing conditions. The financial terms are not disclosed.
These
transactions further underline Roche’s strategy of focusing on core products from its innovation-driven
pharmaceutical and diagnostic divisions, two businesses with significant potential for high value creation,
both for the patients and the company.
About Roche Headquartered
in Basel, Switzerland, Roche is one of the world’s leading research-focused healthcare groups in the
fields of pharmaceuticals and diagnostics. As the world’s biggest biotech company and an innovator of
products and services for the early detection, prevention, diagnosis and treatment of diseases, the
Group contributes on a broad range of fronts to improving people’s health and quality of life. Roche
is the world leader in in-vitro diagnostics and drugs for cancer and transplantation, a market leader
in virology and active in other major therapeutic areas such as autoimmune diseases, inflammation, metabolic
disorders and diseases of the central nervous system. In 2006 sales by the Pharmaceuticals Division
totalled 33.3 billion Swiss francs, and the Diagnostics Division posted sales of 8.7 billion Swiss francs.
Roche has R&D agreements and strategic alliances with numerous partners, including majority ownership
interests in Genentech and Chugai, and invests approximately 7 billion Swiss francs a year in R&D.
Worldwide, the Group employs about 75,000 people. Additional information is available on the Internet
at www.roche.com.
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Additional
information - Actavis: www.actavis.com |
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