Indian-based Cipla’s UK division has completed the acquisition of InvaGen Pharmaceuticals and Exelan Pharmaceuticals in previously announced deals worth $550m.

Cipla EU acquired the two US companies through a wholly owned special purpose vehicle, which would merge into InvaGen Pharmaceuticals, as part of the deal.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The acquisitions will allow Cipla to introduce products in respiratory and injectables, among others, in the coming years.

With the acquisition of InvaGen, Cipla gains access to around 40 approved abbreviated new drug applications, 32 marketed products and 30 pipeline products that are anticipated to be approved in the next four years.

"InvaGen’s balanced portfolio, robust manufacturing base and strong R&D capabilities will act as a lever to expand Cipla’s reach in the US market."

Combined with the pipeline of InvaGen products, Cipla’s overall portfolio will cover chronic therapies like CVS, CNS, respiratory, oncology and diabetes among others.

Cipla global chief operating officer Umang Vohra said: "The acquisition will further strengthen Cipla’s presence in the US pharmaceutical market. InvaGen’s balanced portfolio, robust manufacturing base and strong R&D capabilities will act as a lever to expand Cipla’s reach in the US market."

With more than 500 employees, InvaGen operates three facilities in New York, with a total annual production capacity of 12 billion tablets and capsules. Exelan is focused on the sales and marketing of generic pharmaceuticals for the government and institutional market.

Through Exelan, Cipla will have access to the government and institutional market in the US.

InvaGen and Exelan had combined sales of more than $230m in the 12 months ended last year.