Abraxis BioScience, Inc.
Abraxis BioScience Acquires Manufacturing Facility from Watson
Published in Physician Law Weekly, August 15th, 2007
Abraxis BioScience, Inc. (NASDAQ:ABBI), an integrated, global biopharmaceutical company, announced that it has acquired from Watson Pharmaceuticals, Inc. (NYSE:WPI) a sterile injectable manufacturing facility located in Phoenix, Arizona. This facility, which has the ability to manufacture lyophilized powders, suspension products, and aqueous and oil solutions, currently manufactures products for both Watson and other third parties. Under the terms of the agreement, Abraxis will serve as a contract manufacturer for certain injectable products currently manufactured in this facility for a specified period of time. Financial terms were not disclosed.
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Source: Physician Law Weekly (2007-08-15)
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