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Teva’s Partner Antares Swallowed Up By Halozyme In $960m Deal

Teva/Antares Alliance Offers Gx EpiPen; US Forteo Rival Under Development

 
• By Dean Rudge

For just shy of $1bn, Halozyme Therapeutics is set to acquire drug development and injectable technology specialist Antares Pharma, providing it with a portfolio and pipeline of Teva products through a long-term partnership.

Handshake
the transaction is expected to close in the first half of 2022 • Source: Shutterstock: LuckyStep

Antares Pharma, Inc., a longtime partner of Teva for several commercialized and in-development generic injectables, including the only AB-rated generic versions of Viatris’ EpiPen (epinephrine) family, is set to be acquired by California-based Halozyme Therapeutics for $5.60 a share, in a deal valuing Antares at roughly $960m.

Unanimously approved by both firms’ boards of directors, the transaction is expected to close in the first half of 2022, subject to customary closing conditions

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