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ANI Acquires ANDAs from IDT

ANI paid $2.6 million and a limited single-digit royalty for one product for the 23 previously marketed generic drug products

ANI Pharmaceuticals, Inc. has acquired ANDAs for 23 previously marketed generic drug products from IDT Australia, Ltd. (“IDT”) for $2.6 million and a limited single-digit royalty for one product.    Additionally, ANI acquired active pharmaceutical ingredient for one of the acquired products for $135 thousand. In 2015, ANI had secured the U.S. licensing rights and 40% to 50% of the net profits upon commercialization for these products from IDT for $1.0 million. This acquisitio...

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