Bora to buy Upsher-Smith for $210 million

17 January 2024

Taiwan’s Bora Pharmaceuticals (TWSE: 6472) is to acquire Upsher-Smith Laboratories, a US generics manufacturer.

Bora is to buy the firm from shareholders Sawai Group Holdings (TYO: 4887) and Sumitomo Corporation (TYO: 8053) for up to $210 million.

Upsher-Smith, founded in 1919 and owned by Sawai since 2017, has a diversified portfolio of 48 generic products with manufacturing facilities in Plymouth and Maple Grove, Minnesota. The company has solid manufacturing capabilities, a robust distribution network, and established commercial relationships.

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