Amphastar buys Baqsimi to build out specialty med offering

25 April 2023

Californian specialty drugmaker Amphastar Pharmaceuticals (Nasdaq: AMPH) has bought Baqsimi (glucagon) from Eli Lilly (NYSE: LLY), in a deal worth over a billion dollars.

The Rancho Cucamonga-based company is focused on developing both generic and proprietary products which are injectable, intranasal, or inhalable.

As the first and only nasally-administered glucagon for the treatment of severe hypoglycemia in people with diabetes, Baqsimi will fit into the company’s portfolio very well.

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