LONDON, UK / ACCESSWIRE / April 30, 2018 / Active-Investors.com has just released a free research report on Endo International PLC (NASDAQ: ENDP). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ENDP as the Company's latest news hit the wire. On April 26, 2018, the Company announced that it has inked an agreement to acquire New Jersey-based Somerset Therapeutics, LLC, and its affiliated contract developer and manufacturer in India, Wintac Ltd, for approximately $190 million. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Endo International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Strategic Benefits

Somerset Therapeutics' portfolio includes eight commercial products as well as a pipeline of more than 40 products, over 25 of which have been submitted for approval to the US Food and Drug Administration (FDA). With this acquisition, Endo significantly increases the number of filed injectable applications. Together, the acquisitions will secure for Endo's Par Sterile injectable business, Somerset Therapeutics' commercial, and pipeline products as well as Wintac's manufacturing capabilities for those products.

Deal Details

  • Following the acquisition, Somerset Therapeutics will become a wholly-owned subsidiary of Par Pharmaceutical, Inc. and the Wintac's business will become part of Par Formulations Private Limited.

  • The transaction, expected to close by the end of 2018, is subject to requisite regulatory approvals in the US and India and customary closing conditions.

  • K&L Gates and Shardul Amarchand Mangaldas & Co. are acting as Endo's legal counsel.

Acquisition Expands Endo's Portfolio of Sterile Injectable and Ophthalmic Products

Commenting on the acquisition, Paul Campanelli, President and Chief Executive Officer of Endo, stated that the Company believes Somerset Therapeutics is an ideal strategic fit for Endo as it expands its portfolio of sterile injectable and ophthalmic products.

According to him, Wintac's strong sterile R&D and high-quality manufacturing capabilities have contributed greatly to Somerset Therapeutics' steady revenue growth.

Paul added that Endo sees significant opportunities to leverage its existing sales and marketing capabilities as it seek to maximize the value of the current and expected future Somerset Therapeutics' products.

Par Pharma Well-Suited to Move Somerset Therapeutics and Wintac's Business to Next Stage of Development

Dr. Veerappan Subramanian, Chairman and CEO of Somerset Therapeutics, mentioned that Par Pharma has deep experience in the growing US sterile injectable drugs market. According to Mr. Subramanian, they are well-suited to move Somerset Therapeutics and Wintac's business to the next stage of development and growth.

Dr. Veerappan added that Somerset Therapeutics is happy to become a part of Endo and Par Pharma, a company it has successfully collaborated with in the past.

About Endo International PLC and Par Pharmaceutical, Inc.

Endo International PLC is a highly focused generics and specialty branded pharmaceutical company delivering quality medicines to patients in need through excellence in development, manufacturing and commercialization. Endo has global headquarters in Dublin, Ireland, and US headquarters in Malvern, Pennsylvania.

Par Pharmaceutical, headquartered in Chestnut Ridge, New York, develops, manufactures and markets safe, innovative, and cost-effective generic pharmaceutical products. Par Pharma possesses a portfolio that includes sterile injectables, alternative dosage forms, and many other differentiated products. Endo International PLC acquired Par Pharma in 2015.

About Somerset Therapeutics

Founded in 2015 and headquartered in New Jersey, Somerset Therapeutics is a sterile pharmaceutical company that manufacturers and markets injectable and ophthalmic drugs for the US marketplace. Its Bangalore, India affiliate, Wintac Ltd, operates an FDA-inspected sterile manufacturing facility with proven sterile injectable and ophthalmic R&D capabilities.

Stock Performance Snapshot

April 27, 2018 - At Friday's closing bell, Endo International's stock climbed 6.95%, ending the trading session at $6.00.

Volume traded for the day: 6.03 million shares, which was above the 3-month average volume of 5.10 million shares.

Stock performance in the last month ? up 2.74%

After last Friday's close, Endo International's market cap was at $1.34 billion.

The stock is part of the Healthcare sector, categorized under the Drug Manufacturers - Other industry. This sector was up 0.4% at the end of the session.

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