
Dr. Reddy's to buy Mayne Pharma’s US generics drug list for at least $90M
Generic drugs giant Dr. Reddy’s Laboratories has made a deal to acquire Mayne Pharma’s US generics portfolio for at least $90 million.
Mayne Pharma sells about 45 different generics products in the US, Dr. Reddy’s said in a release announcing the sale, including generics in women’s health.
Mayne has been working to revamp its portfolio and to support the launch of Nextstellis, a brand-name birth control pill. In August of last year, the company said that the Covid-19 pandemic had left behind its goals for the Nextstellis launch. The generics business has been in decline, echoing struggles the industry has faced across companies.
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