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Perrigo Acquires Remaining Stake In Cobrek

Expands position in topical foam-based generics

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Perrigo has signed and completed a definitive merger agreement, acquiring the remaining stake in Cobrek Pharmaceuticals, Inc., a privately-held drug development company, for approximately $45 million on a cash free and debt free basis.   In May 2008, Perrigo acquired an 18.5% minority stake in Cobrek and entered a product development collaboration focused on foam dosage form generic pharmaceutical products. The partnership has successfully yielded two commercialized foam-based products and two F...

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