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ANI Acquires Generic Drugs from Teva

Gains 31 marketed products for $12.5 million in cash

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By: Kristin Brooks

Managing Editor, Contract Pharma

ANI Pharmaceuticals, Inc. has acquired 31 marketed generic drug products from Teva Pharmaceuticals for $12.5 million in cash, as well as a percentage of future profits on product sales. The acquisition includes 20 solid-oral immediate release products, four extended release products, and seven liquid products. ANI is transferring these products to its manufacturing facilities and anticipates product launches beginning in 4Q14. All of the products are approved by the FDA as abbreviated new drug a...

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