The antifungal agent is said to be a therapy of choice in hospitals and intensive care units across the world.
For the year ending 31 March this year, the company achieved sales of JPY14.2bn ($105m) for MycamineMycamine.
Sandoz strengthens its worldwide hospital product range and collection of anti-infective solutions through the acquisition of this key global echinocandin.
Sandoz CEO Richard Saynor said: “This is another sign of our commitment at Sandoz to driving responsible access to critical antimicrobial medicines.
“We are both investing in our production network and selectively building out our leading portfolio in this field to ensure that we can continue to offer patients around the world the right medicine at the right time.”
This month, Sandoz unveiled plans to file for regulatory approval in the US and EU for its Eylea (aflibercept) biosimilar in the next few months.