Generic drugs are based on the simple premise of making the expensive cheap. Private equity bidders for Sandoz want to take the off-patent pill producer in the other direction. Success relies on flawless execution of their treatment plan aimeedonnellan
Private equity groups Blackstone and Carlyle are considering a joint bid for Novartis’ Sandoz generic drugs business for a possible $25 billion, Bloomberg reported on Feb. 1.
The Swiss pharmaceuticals group raised the prospect in October of selling Sandoz. At its quarterly results on Feb. 2, Novartis said it would provide an update by the end of the year. Retaining the business remained an option, it added.Prescription painkiller Hydrocodine Bitartrate and Acetaminopohen, 7.5mg/325mg pills, made by Mallinckrodt sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017.
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