AMRI to buy Oso Biopharmaceuticals Manufacturing for $110 million
USA-based Albany Molecular Research (Nasdaq: AMRI) has signed a definitive agreement to acquire all of the outstanding membership interests of Oso Biopharmaceuticals Manufacturing for $110 million in cash.
OsoBio is recognized as a premier contract manufacturer of highly complex injectable drug products, including sterile liquid, suspension and lyophilized formulations. The acquisition and associated fees are expected to be financed through cash currently held by AMRI, and, subject to Hart-Scott-Rodino clearance and other conditions to closing, is expected to be completed in the third quarter of 2014.
Adds significantly to sterile manufacturing capabilities
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