Monday, August 13, 2007

Roche sell off

Roche Holding AG and Actavis Group HF, an Iceland-based generics company, have signed agreements for the sale of three of Roche's pharmaceutical products to Actavis for an undisclosed sum.

The Basel-based drug maker said that product rights -- with some territorial exceptions -- for cardiovascular drugs Bezalip and Rapilysin and dermatology product Neotigason are being transferred to Actavis.

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