Patels Working To Build ‘Amneal 2.0’
Launched 15 New Products Since Co-CEOs Returned To Revitalize Business
Executive Summary
Amneal reported a 20% drop in sales in the fourth quarter of 2019, primarily due to lower turnover from its generics business. The company’s co-CEOs are trying to revitalize the company and have launched 15 new products since returning midway through last year.
You may also be interested in...
Amneal Aims To Bolster Generics Margins
Amneal says it is taking initiatives to improve its generics margins by improving its manufacturing and supply chain, after its generics segment was sales drop by 11% in the first quarter. Amneal is aiming to deliver six to seven high-value products annually, while the company is also looking to launch three biosimilars in the next couple of years.
Amneal Takes Control Of Kashiv Specialty In $100m+ Deal
Amneal will take a majority stake in Kashiv Specialty Pharmaceuticals after striking a deal worth potentially more than $100m for a 98% stake in the hybrid 505(b)(2) and complex generics specialist.
Amneal Focuses On Complex Generics As Revenues See Double-Digit Growth
After launching several high-value complex generic products in the last six months, Amneal aims to launch eight more complex generics by August 2021 to add “tremendous value” to its generics business.