Merging company

FTC orders 2 generics sold under $ 210 million pharmaceutical deal

By Christopher Cole (Nov 10, 2021, 7:35 p.m. EST) – Two pharmaceutical companies must sell their stakes in a generic drug pair and seek Federal Trade Commission approval for any future entry into those drug markets to complete their $ 210 million merger, the FTC said on Wednesday.

ANI Pharmaceuticals Inc. and Novitium Pharma LLC are required under the proposed consent agreement to transfer their interests in the drugs to Prasco LLC in order to maintain competition as ANI acquires the other company as part of an agreement unveiled in March. Generics are used to treat infections and inflammation.

Both drugs – generic sulfamethoxazole-trimethoprim oral suspension, or SMX-TMP, and generic dexamethasone …

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