1 year ago

Aurobindo Pharma to Acquire Lannett, Gain US Manufacturing Base

Aurobindo Pharma to Acquire Lannett, Gain US Manufacturing Base
Aurobindo Pharma to acquire US-based drug-maker Lannett Company for ₹2185 cr · thehindubusinessline.com

Aurobindo Pharma, an Indian drug maker, is buying Lannett Company, a US-based company that makes generic medicines.

The deal is worth $250 million.

Lannett has a manufacturing plant in the US.

This deal helps Aurobindo produce medicines in the US, potentially avoiding any extra costs from tariffs on imported drugs.

This also gives Aurobindo access to government contracts and expands their product range.

Key facts

Acquirer
Aurobindo Pharma USA Inc.
Target
Lannett Company LLC
Deal Value
$250 million (₹2,185 crore)
Lannett Location
Trevose, PA, USA
Employees
Over 430
Facility Utilisation
40%

Sources

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