Amgen sells its Turkish manufacturing arm for $135M

Pharma giant Amgen has decided to sell off its Turkish manufacturing arm for nine figures.

The Eczacıbaşı Group has acquired Gensenta from the California-based pharma. The deal will see Eczacıbaşı pay $135 million for a 99.96% stake in the company. The purchase of Gensenta will be finalized after it gets approval from the Turkish Competition Authority.