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Sun Pharma to buy three US brands
By siliconindia
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Friday, 24 September 2004, 19:30 IST
MUMBAI: Indian drug maker Sun Pharmaceutical Industries Ltd has reached an agreement with US-based Women's First Healthcare to buy three drug brands for $5.4 million.
Sun said in a statement late on Thursday the brands were antibacterial Bactrim, gynaecological Ortho-Est and antimigrane drug Midrin, which have combined US annual sales of $7.6 million.
Sun said it expected sales of these products to start soon.
"The acquisition of these US brands will help us understand brand promotion in the US at a low cost," Sun Pharma chairman and managing director Dilip Shanghvi said.