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Sciele Pharma To Acquire Addrenex

Sciele Pharma, Inc., a U.S.-based group of Shionogi & Co., Ltd., has entered an agreement to acquire and Addrenex Pharmaceuticals, a private, specialty pharmaceutical company, for approximately $29 million in cash.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Sciele Pharma, Inc., a U.S.-based group of Shionogi & Co., Ltd., has entered an agreement to acquire and Addrenex Pharmaceuticals, a private, specialty pharmaceutical company, for approximately $29 million in cash. Addrenex specializes in developing drugs that regulate the adrenergic system. Sciele previously licensed three products from Addrenex: Clonicel for attention deficit hyperactivity disorder (ADHD), Jenloga XR for hypertension, and ADX-415 for the treatment of vasomotor systems a...

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