Watson Pharmaceuticals Acquires Ascent Pharmahealth
The acquisition makes Watson the fifth-largest generic pharmaceutical company in Australia in terms of revenue, and the second largest in terms of total molecules possessed.
US-based Watson Pharmaceuticals has announced the acquisition of Australia-based Ascent Pharmahealth for AU$375 million (about US$393m).
Watson will acquire Ascent's portfolio of generics, brands, branded-generics and over-the-counter medications, as well as the company's dermatology and skincare products within the Australian market, which achieved total sales of approximately A$150m in Australia and South-East Asia in 2011.
The acquisition makes Watson the fifth-largest generic pharmaceutical company in Australia in terms of revenue, and the second largest in terms of total molecules possessed.
Watson President and CEO Paul Bisaro said, "This acquisition complements o
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