Since Our Last Issue ...
Avara Pharmaceutical Services has signed an agreement with Pfizer to acquire its Liscate, Italy sterile manufacturing facility. Avara Pharmaceutical Services is a contract manufacturing and technical services company providing both active pharmaceutical ingredient formulation and manufacturing, along with secondary formulation, manufacturing and packaging of small molecule drugs, including highly potent compounds.
New York-based private investment firm SK Capital has agreed to acquire Perrigo API, the active pharmaceutical ingredients business of Perrigo Co. in Israel for $110m in an all-cash deal. Under the terms of the transaction, the parties will enter into a long-term supply agreement for Perrigo API to supply its inventory of existing commercial and pipeline APIs to Perrigo.
A&E Medical has reached a deal with RTI Surgical to acquire its cardiothoracic closure business. RTI Surgical provides surgeons with biologic, metal, and synthetic implants that are used in sports medicine, general surgery, spine, orthopedic, trauma and cardiothoracic procedures.