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Mayne Pharma Acquires Metrics

Gains access to the U.S. pharma market

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Mayne Pharma Group Ltd. has entered an agreement to acquire Metrics, Inc. for $120 million, including $105 million at closing, and a $15 million earn-out payable for Metrics’ performance through June 2013. Metrics, based in Greenville, NC, develops and manufactures niche generic drugs and provides contract development services to the pharma industry, with expertise in formulating complex oral drug products, including highly potent and unstable compounds, controlled substances and products with ...

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