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ANI Pharmaceuticals Strengthens CDMO Business

Acquisition of Novitium Pharma for $163.5 million also bolsters R&D engine and generics portfolio.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

ANI Pharmaceuticals has struck a $163.5 million deal to acquire Novitium Pharma, a privately held, New Jersey-based pharmaceutical company with development, manufacturing, and commercialization capabilities. ANI’s board has approved and the acquisition is expected to close in the second half of 2021.   “Strengthening our well-established generics business with enhanced development capabilities and increased focus on niche opportunities is a key pillar of ANI’s growth strategy,” said Nikhil Lalwa...

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