Houston-based specialty drug manufacturer Pernix Therapeutics Holdings Inc. has continued its acquisition spree with its $101 million grab for Cypress Pharmaceuticals and its subsidiary Hawthorn Pharmaceuticals Inc. in a deal that will add both generic and branded drugs to its pipeline.
Pernix, founded in 1997, announced the deal along with its third-quarter results on Nov. 14. Under the terms of the agreement, Pernix will pay $68.5 million upfront in cash and...
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