Par Pharmaceuticals to be Acquired by TPG for $1.9 Billion
Par Pharmaceuticals, a maker of generic drugs, has entered into an agreement to be acquired by the private investment firm, TPG.
Par Pharmaceuticals announced that it has entered into an agreement to be acquired by an affiliate of the private investment firm, TPG. The transaction has an equity value of $1.9 billion. Under the terms of the agreement, Par shareholders will receive $50 per share of common stock, which represents a premium of 37% over the closing price of the stock on July 13, 2012.
In addition, Par may solicit offers of greater value from third parties through Aug. 24, 2012. If no superior offer is forthcoming, the transaction is expected to close in 2012, subject to customary approvals and closing conditions.
Par Pharmaceuticals is a maker of generic drugs based in the US, and contains two operating divisions, Par Pharmaceutical and Strativa Pharmaceuticals. The company develops, manufactures, and markets high-barrier-to-entry generic drugs and niche, innovative proprietary pharmaceuticals. Par’s agreement with TPG follows a period of growth through acquisition by Par over the past year. Par acquired the Chennai, India-based solid-dosage manufacturer, Edict Pharmaceuticals, in February 2012 for approximately $24 million, and specialty pharmaceutical company Anchen in November 2011 for approximately $410 million.
The Future of Cleanroom Construction: How Hybrid Solutions are Changing the Game
May 14th 2025Imagine a world where cleanroom facilities—essential for pharmaceutical manufacturing, biotechnology, and high-tech industries—are built with unparalleled speed, precision, and efficiency. That world is here, thanks to the hybrid construction approach. By blending traditional stick-built methods with modular and prefabricated solutions, companies are overcoming the limitations of conventional construction while ensuring compliance with stringent industry regulations. In this interview, we explore how hybrid cleanroom construction is transforming the industry, offering faster project timelines, improved quality control, and significant cost advantages. Join us as we delve into this game-changing approach with industry experts who are leading the charge in revolutionizing cleanroom infrastructure.
Mastering Antibody-Drug Conjugates
December 19th 2024In this episode, we explore BIOVECTRA’s capabilities in antibody-drug conjugate (ADC) manufacturing, from complex conjugation chemistry to synthesis of highly potent payloads. We’ll also showcase how BIOVECTRA’s extensive experience in complex chemistries and specialized small molecule manufacturing gives them a unique perspective, strengthening their approach to ADC production and ensuring clients receive custom solutions across all project stages.
Novartis Acquisition of Regulus Therapeutics is Complete
June 25th 2025A key property included in the acquisition is farabursen, an investigational next-generation oligonucleotide targeting the microRNA miR-17 with preferential kidney exposure, intended to treat people with autosomal dominant polycystic kidney disease.
