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Hyderabad, June 24 Dr Reddy’s Laboratories has acquired a portfolio of branded and generic injectable products from Deer Park, Illinois-based Eton Pharmaceuticals, Inc.
The portfolio includes the Biorphen® (phenylephrine hydrocholoride) Injection and Rezipres® (ephedrine hydrochloride) Injection NDAs with nine separate combinations of strengths and presentations .
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Terms of the pact
Under the terms of the agreement, Hyderabad-based Dr. Reddy’s acquired the Eton portfolio for an upfront payment of $5 million in cash, plus contingent payments of up to $45 million. The acquisition supports Dr Reddy’s efforts to accelerate and expand affordable medications for patients.
“Long before the Covid-19 pandemic, there have been concerns about access to some critical care products for hospitals and health systems. This acquisition provides our North America organisation with a foundational footprint to help address products that are not always readily available for patients,” Marc Kikuchi, Chief Executive Officer, North America Generics, Dr Reddy’s. said in a release.
“For these and many other reasons, I believe we are well-positioned to integrate the portfolio and grow the business,’‘ he added.
The value of total addressable market for these products in the US is approximately $174 million for the calendar year ending in April 2022 according to IQVIA, the company said.
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