Daiichi Sankyo France /(hereafter, Daiichi Sankyo) and SIT Laboratorio Farmaceutico (DESMA HC Group) are pleased to announce the acquisition of LOPRESSOR®, ICAZ® and MIOREL® by SIT Laboratorio Farmaceutico from Daiichi Sankyo France, effective from 30th June 2020.
LOPRESSOR® and ICAZ® are oral treatments of essential hypertension. LOPRESSOR® is a beta blocker indicated in treatment of hypertension. ICAZ® is a calcic inhibitor indicated in the treatment of essential hypertension. MIOREL® is a colchicine derivative muscle relaxant, adjuvant in treatment of painful muscle contractures.1
This acquisition represents a significant elevation for DESMA HC Group in the France Market and Export Market (African Countries) in terms of both size and value.
Lamberto Pedrotti, Desma’s Managing Director, comments, “The acquisition of LOPRESSOR®, ICAZ® and MIOREL® has a key effect in the future of our company; it will allow us to integrate our portfolio and significantly strengthen our presence in France. Moreover, DESMA HC Group intends to uplift and enhance its export activity. International acquisitions of mature branded medicines is at the core of our business. DESMA HC Group is now present in five continents and more than 40 countries including Asia, Oceania, the Americas, and mainland Europe.”
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Benoit Escoffier, Daiichi Sankyo France’s General Manager, comments, “We are very proud of what we have achieved in a very collaborative way with SIT Laboratorio Farmaceutico. This step will allow us to optimize the allocation of resources to focus on oncology in the French market and realize our vision of becoming a world-leading oncology company.”
Silvia Lunati, Group CS Director, further comments, “This acquisition has been conducted with great flexibility and ability both in DESMA HC Group and Daiichi Sankyo, and has confirmed the skill of DESMA HC Group in negotiating and closing acquisitions of mature brands. The team is now focused on working in partnership with Daiichi Sankyo on transitioning the products across all the involved markets. DESMA HC Group also confirms the objective of maintaining the actual distribution network to ensure great business continuity.”
Alira Health acted as an advisor to Daiichi Sankyo.
Source: Biospace