On Air Now

Current Show

Coast to Coast AM   12:00 AM - 5:00 AM

Contact Coast to Coast AM at 1-800-825-5033

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
41° Feels Like: 38°
Wind: W 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 40°

Tomorrow

Mostly Sunny 67°

Tues Night

Clear 45°

Alerts

South Africa's Aspen in $1 billion deal with Merck

JOHANNESBURG (Reuters) - Aspen Pharmacare said on Thursday that it would acquire drugs and a plant from U.S. firm Merck in a $1 billion deal that bolsters its presence in Europe, Latin America and Asia.

Africa's biggest maker of generic drugs said it would buy an active pharmaceutical ingredient (API) business located in the Netherlands and a portfolio of 11 drug brands from Merck.

Aspen said the deal was subject to the approval of various competition authorities and the South African Reserve Bank.

Last week, Aspen said it would acquire the Arixtra and Fraxiparine/Fraxodi brands of thrombosis drugs from GlaxoSMithKline, except in China, Pakistan and India, a deal that could also be worth $1 billion.

Shares in Aspen, rose more than 1 percent on the news, outperforming a 0.7 percent decline in Johannesburg's benchmark Top-40 index.

(Reporting by Tosin Sulaiman and Tiisetso Motsoeneng; editing by David Dolan)

Comments