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Announced

Amneal Pharmaceuticals to acquire the Baclofen franchise of Saol Therapeutics for $83m.

Financials

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Transaction Value£61m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

United States

Pharmaceuticals

Majority

Pending

Private

Friendly

Domestic

biopharmaceuticals

Synopsis

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Amneal Pharmaceuticals, a fully-integrated essential medicines company, agreed to acquire the Baclofen franchise of Saol Therapeutics, a private specialty pharmaceutical company, for $83m. "For over 5 years, the Saol team has worked to reinvigorate the Lioresal® brand and develop new treatment options, like LYVISPAHTM, for patients struggling with spasticity. We are excited to see these products find their new home at Amneal along with many of our team members that have been critical to our success," David Penake, Saol Therapeutics CEO.

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