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Sun Pharma to sell US mfg units to Frontida BioPharm

Discussion in 'Stock Market Discussions' started by capitalstars05, Jun 6, 2016.

  1. capitalstars05

    capitalstars05 New Member

    Sep 26, 2014
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    Sun Pharma to sell its US manufacturing units to Frontida BioPharm: Deal part of management strategy for manufacturing consolidation
    Sun Pharmaceutical Industries will sell its two oral solid dosage manufacturing facilities located at Philadelphia and Aurora in the US along with 15 related pharmaceutical products to Frontida BioPharm Inc. for an undisclosed amount.
    In connection with the transaction, Frontida has agreed to continue manufacturing certain products for Sun Pharma at these facilities on a contract basis for a predetermined period, the drug maker said in a statement on Saturday.

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