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Streamlines manufacturing ops into Athlone and Wilmington facilities
March 9, 2015
By: Kristin Brooks
Managing Editor, Contract Pharma
Alkermes plc has entered a definitive agreement to sell its manufacturing facility in Gainesville, GA, along with global rights and royalty revenue associated with Meloxicam IV/IM, to Recro Pharma for an initial cash payment of $50 million, development and commercialization milestones of as much as $120 million and royalties on sales of Meloxicam IV/IM. The transaction, subject to customary terms and conditions, is expected to close in 2Q15. Assets inlcuded in the transaction are: the Gainesvi...
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