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AMRI completes acquisition of OsoBio

7:48 AM MDT | July 2, 2014 | Deepti Ramesh

Albany Molecular Research Inc. (AMRI; Albany, NY) says that it has completed the previously announced acquisition of Oso Biopharmaceuticals Manufacturing (OsoBio; Albuquerque, NM). Total consideration paid was $110 million, which AMRI financed with cash on hand. OsoBio is a contract manufacturer of highly complex injectable drug products, including sterile liquid, suspension, and lyophilized formulations. OsoBio's forecast full-year 2014 revenue is $58–60 million, with adjusted Ebitda of $9–10 million, AMRI says. OsoBio’s expertise in...

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