IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Alvogen acquires Korean Dream Pharma for $187 million

3:37 AM MDT | August 6, 2014 | Natasha Alperowicz

Alvogen (Pine Brook, NJ), a privately owned pharmaceuticals company focused on developing, manufacturing, and distributing generic, OTC, and biosimilar products, announced today that it is acquiring Dream Pharma, a South Korean company, for $187 million in cash. Dream will be acquired through Alvogen’s Asian subsidiaries and, on completion, will create one of the largest generic pharmaceutical companies in South Korea. The transaction represents a significant milestone in Alvogen’s stated ambition to become one of the top five regional players in the...

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