M&A
confidence high
sentiment positive
materiality 0.55
Elite Pharmaceuticals acquires three ANDAs from Nostrum Laboratories for $900k
ELITE PHARMACEUTICALS INC /NV/
- Acquired ANDAs for generic Norco (hydrocodone/APAP), Percocet (oxycodone/APAP), and Dolophine (methadone) from Nostrum.
- Paid $900,000 cash; also received royalty-free perpetual license for manufacturing technology.
- Asset Purchase Agreement signed June 17, 2024; transaction closed June 21, 2024.