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Will expand U.S. generics business and gain U.S. manufacturing site
July 23, 2015
By: Kristin Brooks
Managing Editor, Contract Pharma
Pharma Major Lupin Ltd. has entered a definitive agreement to acquire GAVIS Pharmaceuticals LLC and Novel Laboratories Inc., in a transaction valued at $880 million. The acquisition expands Lupin’s scale in the U.S. generic market and its pipeline in dermatology, controlled substance products and other high-value and niche generics. GAVIS brings a U.S.-based R&D organization that complements Lupin’s Coral Springs, FL, inhalation R&D center. GAVIS’s manufacturing facilit...
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