Fougera Sale Approved. Congratulations.

WASHINGTON (Reuters) - Swiss drugmaker Novartis has won U.S. antitrust approval to close its purchase of generic dermatology products maker Fougera.

The Federal Trade Commission said on Monday that as a condition of approval, Novartis agreed to give up the rights to market three topical skin care medicines made by Tolmar Inc and to cancel a deal for a fourth.

Novartis said in May that it would buy Fougera for $1.53 billion from a consortium of private equity funds led by Nordic Capital, DLJ Merchant Banking and Avista Capital Partners.

The three generic creams that Novartis must give up marketing rights to are a topical solution to treat psoriasis, a local anesthetic, and a cream to treat rosacea, which causes chronically red skin, the FTC said.

In addition to generic dermatology products, Fougera also has a branded specialty pharmaceuticals business. It had 2011 sales of $429 million.

 

The four drugs Novartis gives up:
The FTC said it is ordering Novartis to divest its version of the psoriasis treatment calcipotriene; the local anesthetic lidocaine-prilocaine cream; metronidazole gel, which is used to treat rosacea, and end its marketing agreement with Tolmar Inc., which makes those products. Novartis is also being ordered to return the rights to diclofenac sodium, a treatment for actinic keratosis.

 

FYI, Diclofenac Sodium = Solaraze.

 

To be clear, these four products revert to Tolmar, who must now find a new marketing partner. Novartis gets the Fougera versions.

 

So what does this mean for Solaraze gel being sold as it is now? That last sentence is confusing!

 

Novartis will sell PD's Solaraze, they will cancel their pending agreement with Tolmar.

 

Sorry...they will MARKET PD's Solaraze.

 

Old news folks.....

http://www.marketwatch.com/story/impax-laboratories-enters-into-development-supply-and-distribution-agreement-with-tolmar-inc-2012-06-26

 

Actually, that is not accurate. Sandoz will be selling Solaraze.

 

Is this anyone has to say???????????? What will happen??????????

 

July 25

 

What will happen?

We will not tolerate any disruption of our way of life. Our society will continue as normal.

Work will go on. You will pay your bills. There will be no hoarding. There will be no sudden profiteering. I'm freezing all wages, all prices.

What a bottle of water cost you yesterday...it will cost you tomorrow.

 

Just make sure you clean up your desk/work space....or else!

 

Now, I can promise you this, all of you, everyone on this board and everyone listening to my voice, that at some point over the next months, all of us will entertain our worst fears and concerns.

But I can also promise you this. Life will go on. We will prevail.

 

The only thing we have to fear is fear itself.......and a pink slip. What happens, happens. No point in getting worked up. If you read the other company boards, it's all the same thing. Mgmt sucks, our VPs, NM, DMs, home office, etc., etc., are morons, vindictive, clueless, blah, blah, blah. It's kind of comical that everyone on these boards do nothing but bitch. Guess that's what they call human nature.

 

"Some see private enterprise as a predatory target to be shot, others as a cow to be milked, but few are those who see it as a sturdy horse pulling the wagon."
---Winston Churchill

 

Is PharmaDerm still a separate line or have the products been combined with Sandoz yet?

 

Yes, still separate until it all goes generic or gets dumped.

 

As we all see, life did go on. Most people's world is much the same. Yet hysteria dominates this board.