Divestiture • Life Science

Alvogen Acquires Assertio Therapeutics - Gralise Business

On January 13, 2020, Alvogen acquired life science company Assertio Therapeutics - Gralise Business from Assertio for 128M USD

Acquisition Context
  • This is Alvogen’s 8th transaction in the Life Science sector.
  • This is Alvogen’s 2nd largest (disclosed) transaction.
  • This is Alvogen’s 3rd transaction in the United States.
  • This is Alvogen’s 1st transaction in California.

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M&A Deal Summary

Date January 13, 2020
Target Assertio Therapeutics - Gralise Business
Sector Life Science
Buyer(s) Alvogen
Sellers(s) Assertio
Deal Type Divestiture
Deal Value 128M USD

Target Company

Assertio Therapeutics - Gralise Business

Newark, California, United States
Assertio Therapeutics, Inc. - Gralise Business is a prescription medicine used to treat pain after shingles, or postherpetic neuralgia (PHN).
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Buyer Overview 1

Buyer

Alvogen

Pine Brook, New Jersey, United States

Category Company
Founded 2009
Sector Life Science
DESCRIPTION

Alvogen is a multinational pharmaceuticals company focused on developing, manufacturing, and distributing generic, brand, over-the-counter brands (OTC), and biosimilar products. Alvogen was founded in 2009 and is based in Pine Brook, New Jersey.


Deal Context for Buyer #
Overall 8 of 8
Sector: Life Science 8 of 8
Type: Divestiture 4 of 4
State: California 1 of 1
Country: United States 3 of 3
Year: 2020 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 Alvogen CEE

Poland

Alvogen CEE markets over 200 generic and over-the-counter products across multiple therapeutic areas, consisting of highly recognized brands like Lactacyd, Persen, EuBiotic and many more with leading market positions in 14 key markets across CEE including; Russia, Romania, Bulgaria, Hungary, Poland and Balkan markets.

Sell -

Seller Profile 1

SELLER

Assertio

Lake Forest, Illinois, United States

Category Company
Founded 1995
Sector Life Science
Employees58
Revenue 125M USD (2024)
DESCRIPTION

Assertio is a pharmaceutical company focused on products to treat pain and other central nervous system (CNS) conditions. Assertio was founded in 1995 and is based in Lake Forest, Illinois.


Deal Context for Seller #
Overall 2 of 3
Sector: Life Science 1 of 2
Type: Divestiture 2 of 3
State: California 1 of 2
Country: United States 2 of 3
Year: 2020 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 Depomed - Diabetes Royalty Rights

United States

Depomed - Diabetes Royalty Rights is a provider of medical products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 Assertio Therapeutics - NUCYNTA

California, United States

Assertio Therapeutics, Inc. - NUCYNTA is a strong prescription pain medicine that contains an opioid (narcotic) that is used to manage short-term (acute) pain in adults when other pain treatments, such as non-opioid pain medicines, do not treat your pain well enough or you cannot tolerate them.

Sell $375M