Aspen Pharmacare Holdings to acquire the Chinese business of Sandoz for €92.6m.

Aspen Pharmacare Holdings, a global multinational specialty pharmaceutical company, agreed to acquire the Chinese business of Sandoz, a pharmaceutical company for €92.6m. “The acquisition represents an attractive opportunity for Aspen to take a major step in our stated strategic objective of increasing our presence in China. Sandoz’s product portfolio, pipeline, well-established infrastructure, and experienced team, will expand Aspen’s footprint and capabilities in the world’s second largest pharmaceutical market, and further strengthen our foundation for future growth in China,” Stephen Saad, Aspen Group Chief Executive.