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Gains five cGMP manufacturing sites, including CMO operations
October 6, 2011
By: Tim Wright
Editor-in-Chief, Contract Pharma
Akorn, Inc. has entered into an agreement to acquire certain assets of Kilitch Drugs Ltd. (KDIL), a contract manufacturer of sterile injectables in India, and certain assets of NBZ Pharma Ltd., for approximately $52 million in cash plus future milestones payments totaling as much as $6 million. The assets include KDIL’s plant in Paonta Sahib in Himachal Pradesh, India, along with the associated contract manufacturing and international business, and certain product transfers from KDIL’s Navi Mumb...
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