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Watson Pharmaceuticals Acquires Strides Arcolab’s Generics Business in Australia and Southeast Asia for $393 Million

2:27 AM MST | January 24, 2012 | Deepti Ramesh

Watson Pharmaceuticals (Parsippany, NJ) and Strides Arcolab (Bangalore, India) say that Watson has acquired Ascent Pharmahealth (Melbourne), the generic pharmaceutical business of Strides Arcolab in Australia and Southeast Asia for A$375 million ($393 million) in cash. Ascent is one of the top five generic pharmaceutical companies in Australia and is present across several countries in Southeast Asia, including Singapore where it is the leading generic pharmaceutical company. With the acquisition, Watson becomes the fifth largest generic pharma company in...

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