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Renaissance to Divest Topical Biz to Mylan

Will continue to operate sterile-focused specialty pharmaceutical business in NJ

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By: Kristin Brooks

Managing Editor, Contract Pharma

Renaissance Acquisition Holdings, LLC, a portfolio company of private equity firm RoundTable Healthcare Partners, has entered into a definitive agreement to sell its topical pharmaceutical business to Mylan for $950 million in cash, plus additional contingent payments of as much as $50 million. The Topical Division is a specialty pharmaceutical business focused on the manufacture, development, sales and marketing of branded and generic topical pharmaceutical products. RoundTable started Renai...

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