logo
Share SHARE
FONT-SIZE Plus   Neg

SK Capital To Buy Perrigo's Active Pharma Ingredients Business

SK Capital, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, said that it agreed to acquire Perrigo API, Perrigo Company plc's (PRGO) active pharmaceutical ingredients business.

As part of the transaction, the parties have agreed to enter into a long-term supply agreement for Perrigo API to supply multiple existing commercial and pipeline APIs to Perrigo. The transaction is expected to close during the fourth-quarter 2017, before which a new trade name will be selected and announced for the Business.

As part of Perrigo API's renewed strategic vision to become an independent, high quality API supplier of choice for the generic pharmaceutical industry, four highly-experienced Israeli pharmaceutical executives will be joining the Board of Directors of the Business in partnership with SK Capital.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Poultry giant Sanderson Farms has blamed the national anthem protests in National Football League for its lower sales for the fourth-quarter and full year. Sanderson Farms, which is one of the biggest chicken providers in the US, said that NFL protests involving players taking a knee during the national... Amazon would reportedly sell Google's Chromecast streaming adapter for this Christmas. The online retailer giant has banned the product from its site for the last two years and has presumably settle the issues. Though the product is not available for sale, it has listed 4K-capable Chromecast Ultra adapter. Europe's no-frills airline Ryanair recognized pilot union for a smooth holiday season ahead. The airline had a discussion with its pilots union in Britain, Germany, Italy, Spain, Ireland, Portugal to iron out the issues. The pilots working for Ryanair have been enjoying different status and many of them were reportedly not in the rolls as full timers.
comments powered by Disqus
Follow RTT