Teva to expand respiratory business with up to $165 million acquisition of MicroDose Therapeutx
Israel-based Teva Pharmaceutical Industries (NYSE: TEVA) has entered into a definitive agreement to acquire MicroDose Therapeutx, a privately-held pharmaceutical and drug delivery company focused on inhalation technologies and products for lung diseases and infections with the potential to dramatically improve efficacy and patient compliance.
Under the terms of the deal, Teva will acquire all of MicroDose’s outstanding shares for an initial $40 million at closing, additional payments of up to $125 million on the achievement of regulatory and development milestones, plus sales-based milestones and tiered royalty payments upon commercialization of MDT-637 and an earlier stage asthma/COPD medicine.
Will add technology and products to pipeline
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