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AstraZeneca sells antacid brand Neksium to Pfizer India for Rs 75 cr

Deal to help Pfizer, which also owns Gelusil brand, strengthen its presence in gastrointestinal area

BS B2B Bureau  |  Mumbai 

AstraZeneca AB, Sweden, has sold its antacid brand Neksium to Pfizer Ltd, which also owns Gelusil brand, for Rs 75 crore. The transaction is subject to completion of requisite clearances.  Launched in India in 2006, Neksium is one the leading brands in the anti-peptic ulcerant space. Neksium, with the active ingredient esomeprazole belongs to a class of pharmaceutical preparations called proton pump inhibitors (PPI), which are used effectively for reducing the acid secretion in the stomach. It is widely prescribed for the treatment of conditions across the acid peptic ...

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First Published: Thu, June 01 2017. 13:12 IST
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AstraZeneca sells antacid brand Neksium to Pfizer India for Rs 75 cr

Deal to help Pfizer, which also owns Gelusil brand, strengthen its presence in gastrointestinal area

Deal to help Pfizer, which also owns Gelusil brand, strengthen its presence in gastrointestinal area AstraZeneca AB, Sweden, has sold its antacid brand Neksium to Pfizer Ltd, which also owns Gelusil brand, for Rs 75 crore. The transaction is subject to completion of requisite clearances.  Launched in India in 2006, Neksium is one the leading brands in the anti-peptic ulcerant space. Neksium, with the active ingredient esomeprazole belongs to a class of pharmaceutical preparations called proton pump inhibitors (PPI), which are used effectively for reducing the acid secretion in the stomach. It is widely prescribed for the treatment of conditions across the acid peptic ... image
Business Standard
177 22

AstraZeneca sells antacid brand Neksium to Pfizer India for Rs 75 cr

Deal to help Pfizer, which also owns Gelusil brand, strengthen its presence in gastrointestinal area

AstraZeneca AB, Sweden, has sold its antacid brand Neksium to Pfizer Ltd, which also owns Gelusil brand, for Rs 75 crore. The transaction is subject to completion of requisite clearances.  Launched in India in 2006, Neksium is one the leading brands in the anti-peptic ulcerant space. Neksium, with the active ingredient esomeprazole belongs to a class of pharmaceutical preparations called proton pump inhibitors (PPI), which are used effectively for reducing the acid secretion in the stomach. It is widely prescribed for the treatment of conditions across the acid peptic ...

image
Business Standard
177 22