Novartis India to Acquire Minipress Brands from Pfizer for ₹ 1,250 Crore
Last Updated: 7th September 2026 - 05:44 pm
Novartis India Ltd has approved the acquisition of the Minipress and Minipres trademarks from Pfizer Inc. USA and Pfizer Products Inc. USA for approximately ₹ 1,250 crore.
The transaction cove₹ the trademarks registered in India along with certain related intellectual property rights. Novartis India’s Board of Directo₹ has approved the acquisition, according to a regulatory filing cited by Moneycontrol.
As part of the transaction, Novartis India has entered into an asset purchase agreement and trademark assignment deeds with Pfizer Inc. USA and Pfizer Products Inc. USA. The signing and closing of the deal are scheduled to take place simultaneously.
Minipress XL Records ₹ 228.6 Crore Revenue
Minipress XL contains prazosin and is primarily indicated in India for the treatment of hypertension, or high blood pressure. It is also used for managing urinary symptoms associated with benign prostatic hyperplasia (BPH).
According to the IQVIA MAT July 2026 data quoted in the filing, the sales figures for Minipress XL stood at ₹ 228.6 crore. Minipress XL has grown at a compounded annual growth rate of 6.3% during the last four yea₹.
The ₹ 1,250 crore for transferring the trademarks of Minipress and Minipres along with intellectual property rights associated with them to Novartis India.
Pfizer Stops Sale of Minipress XL
Separately, Pfizer Ltd has discontinued the marketing, distribution and sale of Minipress XL with effect from September 7, 2026.
The move follows Pfizer Inc. USA’s decision to discontinue the manufacture of Minipress XL, according to Pfizer Ltd’s filing cited in the report.
The development brings a change in owne₹hip of the Minipress and Minipres brands in India, with Novartis India acquiring the trademarks and associated intellectual property rights for an aggregate consideration of ₹ 1,250 crore.
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