King Pharmaceuticals, Inc. and JHP Pharmaceuticals, LLC
King Pharmaceuticals to Sell Rochester, Michigan Manufacturing Facility to JHP Pharmaceuticals
Published in Medicine and Law Weekly, August 3rd, 2007
King Pharmaceuticals, Inc. (NYSE: KG) and JHP Pharmaceuticals, LLC announced the signing of an asset purchase agreement, pursuant to which JHP will acquire King's Rochester, Michigan sterile manufacturing facility, some of King's legacy products that are manufactured there, and the related contract manufacturing business. The companies also entered into a manufacturing and supply agreement pursuant to which JHP will provide certain fill and finish support with respect to King's hemostatic product, Thrombin-JMI(R) (thrombin, topical, bovine, USP).
Eric J. Bruce, Chief Technical Operations Officer of King, stated, "This transaction represents the continued successful...
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