Generic drug deal grants Czech Zentiva access to respiratory medicine market.

By bne IntelliNews October 4, 2010
Czech drug maker Zentiva, solely owned by French pharmaceuticals producer Sanofi-Aventis, bought the Inhaler Franchise project of global pharmaceuticals manufacturer Siegfried, in a deal to allow it to enter the market of respiratory medicines, the company said on its website. The acquisition will provide Zentiva with an attractive portfolio of assets that will allow it to become an important player in a market that is expected to develop rapidly after 2013, when generic respiratory products are forecast to be launched, the press release said. The Inhaler Franchise project includes a multi-dose dry powder inhaler as well as a range of new generic respiratory medicines to develop, Zentiva added. The transaction was structured as an acquisition of Siegfried's German subsidiary dedicated to the Inhaler Franchise project and an acquisition of related assets mainly including intellectual property. Both the company and the assets were legally acquired not by Zentiva, but by other companies within the Sanofi-Aventis group, the press release said. Sanofi-Aventis became the sole owner of local drugs maker Zentiva after completing the buyout of small shareholders on Mar 18 at the same price (CZK 1,150) it paid for purchasing majority (about 71%) stake at Zentiva.

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