Dr Reddy’s acquires Teva’s 8 US products

Hyderabad, Aug 4 (IANS) Dr Reddy's Laboratories Ltd on Thursday said it has completed acquisition of eight Abbreviated New Drug Applications (ANDAs) in the US from Teva Pharmaceutical Industries Ltd and an affiliate of Allergan plc.

The acquired portfolio consists of products that are being divested by Teva as a precondition to its closing of the acquisition of Allergan's generics business, the pharmaceuticals company said in a filing to BSE.

The portfolio being acquired is a mix of six ANDAs pending approval, one approved ANDA and one ANDA with tentative approval and comprises complex generic products across diverse dosage forms.

The combined sales of the branded versions of the products in the US is approximately $3.5 billion for the most recent 12 months ending in June 2016 according to IMS, a statement said.