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Aspen continues anesthetic buying spree with GSK deal

Sep 12, 2016 - The Deal Pipeline

South African generic drugs maker Aspen Pharmacare Holdings Inc. on Monday, Sept. 12, agreed to buy Glaxosmithkline plc's (GSK) anesthesia portfolio in a deal that could be worth £280 million ($371.6 million).

The acquisitive South African company will pay £180 million for products including Ultiva, Nimbex, Tracrium, Mivacron and Anectinein. It also agreed to make up to £100 million in milestone payments.

London-based GSK, who had previously sold off the U.S. and Canadian rights t...