Pharma Deals Review, Vol 2014, No 10 (2014)

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Lumara Health Splits in Two and Finds Buyers in AMAG and Perrigo

Heather Cartwright

Abstract


Lumara Health, which as KV Pharmaceutical emerged from Chapter 11 bankruptcy in September 2013, is to be split in two and acquired in separate transactions. In a deal worth up to US$1.025 B, AMAG Pharmaceuticals will buy the company’s maternal health business, including its flagship product Makena® (hydroxyprogesterone caproate injection), the only product approved by the US FDA to reduce the risk of preterm birth in at-risk pregnant women. In addition, OTC drug manufacturer Perrigo will buy Lumara’s women’s healthcare assets for US$82 M.



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