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Zydus to acquire assets of Nesher Pharma
20 June 2011: Zynesher Pharmaceuticals USA LLC has signed an agreement to acquire the assets of Nesher Pharmaceutical Inc for an undisclosed amount.
The purchase agreement includes assets and assumption of certain liabilities of Nesher, its existing and abbreviated new drug application pipeline, certain manufacturing units and a research development lab. The agreement also encompasses supply and technical services agreements by which certain products of KV Pharmaceuticals will be manufactured by Zynesher Pharmaceuticals.
Nesher Pharmaceutical Inc is the subsidiary of US-based KV Pharmaceuticals and has expertise in niche therapies such as controlled release medications.
Source: Hindu Business Line