Investment firm HSG to buy Bayer’s Avelox antibiotics business
Hong Kong-based investment firm HSG has entered into a definitive agreement to acquire the Avelox (moxifloxacin) antibiotics business from Germany’s Bayer (BAYN: DE).
The acquisition includes the Avelox brand, intellectual property and commercial rights across all markets worldwide.
Developed by Bayer and first approved in Europe and the USA in 1999, Avelox is a fluoroquinolone antibiotic primarily prescribed for respiratory tract infections.
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