Dr. Reddys Laboratories closes the acquisition of Habitrol Brand from Novartis
Friday, December 19, 2014
Dr. Reddy’s Laboratories has announced that it has closed the acquisition of Habitrol® brand (an over-the-counter nicotine replacement therapy transdermal patch) from Novartis Consumer Health Inc. following issuance of the proposed consent order from the U.S. Federal Trade Commission (FTC) on November 26, 2014. The company had earlier entered into an asset purchase agreement with Novartis Consumer Health Inc. to acquire the title and rights of Habitrol® brand and to market the product in the U.S. market.
With this closure, the company has assumed responsibility for the product and will commence shipments of the product in the market shortly.
Source : http://www.drreddys.com/
