Announced Fri, 19 Jun · 08:28 IST
US FTC approves Aurobindo Pharma's acquisition of Lannett business
AUROPHARMA · price
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Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹1447.30
prior close
₹1454.00
base price
After-mkt
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AI summary
Aurobindo Pharma has received approval from the US Federal Trade Commission (FTC) for its acquisition of the Lannett business. The FTC clearance was a necessary regulatory step required to close the deal. With this approval secured, the company moves closer to completing the takeover of the US-based generic pharmaceutical firm Lannett, which will strengthen its presence in the US generics market.
Likely market impact
Removes a key regulatory hurdle, bringing the Lannett acquisition closer to completion and expanding Aurobindo's US generics footprint.