M&A Deal Summary

Impax Laboratories Acquires Teva Pharmaceutical Industries - Generic Products

On June 21, 2016, Impax Laboratories acquired life science company Teva Pharmaceutical Industries - Generic Products from Teva Pharmaceutical Industries for 586M USD

Acquisition Highlights
  • This is Impax Laboratories’ 6th transaction in the Life Science sector.
  • This is Impax Laboratories’ largest (disclosed) transaction.
  • This is Impax Laboratories’ 1st transaction in Israel.

M&A Deal Summary

Date 2016-06-21
Target Teva Pharmaceutical Industries - Generic Products
Sector Life Science
Buyer(s) Impax Laboratories
Sellers(s) Teva Pharmaceutical Industries
Deal Type Divestiture
Deal Value 586M USD

Target

Teva Pharmaceutical Industries - Generic Products

Petach Tikva, Israel
Teva Pharmaceutical Industries Ltd. - Generic Products includes solid oral, inhalable, injectable and topical dosage forms and the return to Impax of its rights to its pending abbreviated new drug application ("ANDA") for the generic equivalent to Concerta.

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Buyer(S) 1

Buyer

Impax Laboratories

Hayward, California, United States

Category Company
Founded 1993
Sector Life Science
Employees1,290
Revenue 860M USD (2015)
DESCRIPTION
Entrance to Impax Laboratories' corporate headquarters in Hayward, California.
Entrance to Impax Laboratories' corporate headquarters in Hayward, California.

Impax Laboratories, Inc. is a technology-based, specialty pharmaceutical company that applies formulation and development techniques, as well as drug delivery technology, to the development, manufacture and marketing of bioequivalent pharmaceutical products. Impax operates in two segments. These include global pharmaceuticals and Impax pharmaceuticals. The global division develops, manufactures, and distributes generic products. The Impax division develops proprietary brand pharmaceutical products that the Company believes represent improvements to already-approved pharmaceutical products addressing the treatment of central nervous system disorders. Impax Laboratories, Inc. was formed in 1993 and is based in Hayward, California.


DEAL STATS #
Overall 6 of 6
Sector (Life Science) 6 of 6
Type (Divestiture) 4 of 4
Country (Israel) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-10 Impax Laboratories - Daraprim

Hayward, California, United States

Impax Laboratories - Daraprim is indicated for the treatment of toxoplasmosis in combination with a sulfonamide. The most common side effects that may occur with Daraprim include allergic reactions, blood disorders, tongue changes, blood in the urine, heart rhythm disorders, anorexia, and vomiting.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 CorePharma

Middlesex, New Jersey, United States

CorePharma LLC is a manufacturer and marketer of more than 14 drugs in the U.S. CorePharma was founded in 1998 and is based in Middlesex, New Jersey.

Sell -

Seller(S) 1

SELLER

Teva Pharmaceutical Industries

Tel Aviv, Israel

Category Company
Founded 1901
Sector Life Science
Employees35,001
Revenue 15.8B USD (2023)
DESCRIPTION

Teva Pharmaceutical Industries is a provider of pharmaceutical company, committed to increasing access to high-quality healthcare by developing, producing and marketing affordable generic drugs as well as innovative and specialty pharmaceuticals and active pharmaceutical ingredients. Teva Pharmaceutical Industries was founded in 1901 and is based in Tel Aviv, Israel.


DEAL STATS #
Overall 4 of 9
Sector (Life Science) 4 of 8
Type (Divestiture) 4 of 8
Country (Israel) 3 of 4
Year (2016) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Representaciones e Investigaciones Medicas S.A. de C.V.

Mexico City, Mexico

Representaciones e Investigaciones Medicas S.A. de C.V. is a pharmaceutical company. Rimsa designs, develops, manufactures and markets generic drug products.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Anda

Parsippany, New Jersey, United States

Anda, Inc. is a distributor of generic pharmaceuticals.

Buy $500M