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The Economic Times
The Economic Times
Business

Aurobindo Pharma clears key US hurdle in Lannett acquisition, closing expected soon

Aurobindo Lannett Aurobindo Pharma United States the US Federal Trade Commission

Indian generic drug giant Aurobindo Pharma announced on Friday that it is on the verge of pulling off a major expansion in the United States after clearing a critical regulatory hurdle.

The Hyderabad-based pharmaceutical heavyweight said that it has secured antitrust clearance from the US Federal Trade Commission (FTC) for its impending takeover of American drugmaker Lannett Company.

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