October 1, 2012
10 Products Divested to AA Pharma
As part of ongoing efforts of reviewing our product portfolio within the evolving generic market landscape, we have made the decision to divest 10 older products within the Canadian market to AA Pharma Inc. Many of these products have been in the market since the 60s and 70s and have been subject to decreasing demand and increasing costs which has placed continued pressure on their commercial viability.
This decision will further enable us to focus on our core competencies and accelerate cost savings with high value and high volume generic products. As of October 1, 2012, AA Pharma will supply these products through all wholesalers. Therefore, as of this date all orders for these products should be directed to AA Pharma. Most of these products will be distributed under the Apotex label until initial inventory to AA Pharma has been exhausted. At which time, product will be updated to their own label.
Please find attached the list of products that have been acquired by AA Pharma Inc. Should you have any questions about these products, please contact your Apotex representative or AA Pharma directly at 1-877-212-3513.http://www.apotex.com/ca/en/about/press/20121001_AAprod_en.pdf
We will make every effort to have this transition as seamless as possible. As always, we thank you for your support and we appreciate being your partner in these changing times.
Yours very truly,