
Sandoz Completes Acquisition of Generic Dermatology Company Fougera for $1.5 Billion
Sandoz announced it has completed the acquisition of Fougera Pharmaceuticals, a maker of generic dermatology products, for $1.5 billion.
Sandoz announced it has completed the acquisition of Fougera Pharmaceuticals, a maker of generic dermatology products, for $1.525 billion in an all-cash transaction. According to a company
Currently, Fougera Pharmaceuticals employs approximately 700 people across its US sites. It operates two main businesses: Fougera, specializing in dermatology development and manufacturing, with expertise in the area of semi-solid forms such as creams and ointments, and PharmaDerm, a branded specialty pharma business. Fougera will be integrated into Sandoz’s US business based in Princeton, NJ, but will continue to exist as a separate legal entity. Fougera’s site in Melville, NY, will be home to a new center of excellence for generic dermatology development and manufacturing within the global Sandoz network.
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