AUROPHARMANSEAurobindo Pharma Limited· PharmaceuticalsLowNeutral
Announced Mon, 22 Jun · 07:31 IST

Aurobindo Pharma USA gets FTC approval to acquire Lannett for $250M

AUROPHARMA · price

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AI summary

Aurobindo Pharma USA, a wholly owned subsidiary of Aurobindo Pharma, received US Federal Trade Commission approval to acquire Pennsylvania-based generic pharma company Lannett Company LLC for $250 million on a cash-free, debt-free basis. The deal is expected to close before end of June 2026. Lannett specializes in complex, non-opioid controlled substances and operates a manufacturing facility in Seymour, Indiana with capacity for about 4 billion doses annually. The acquisition is expected to be immediately accretive to Aurobindo Group's earnings per share, with cost efficiencies, SG&A synergies, and a stronger complex generics pipeline.

Likely market impact

Positive - adds US manufacturing capacity and complex generics portfolio; expected to be immediately EPS accretive with cost synergies.