05.08.2015 13:22:52
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Endo Divests Non-Core Business Lines From Litha Healthcare - Quick Facts
(RTTNews) - Endo International plc (ENDP, ENL.TO) announced the strategic divestiture of a portfolio of device, vaccine and other non-core products from its international subsidiary in South Africa, Litha Healthcare Group, to a consortium comprised of Westrate Trade and Invest Proprietary Limited and Immunotek (Pty) Limited.
The company said the transaction is not expected to have a material impact on its financial results in the current year.
"The transaction further reinforces our commitment to grow and streamline our international business to align with Endo's focus on becoming a leading global specialty pharmaceutical business," said Rajiv De Silva, President and CEO of Endo.
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