Teva acquires pain company Labrys for $825m

Teva has agreed to buy Labrys, a Californian manufacturer of pain products with a Phase IIb migraine product. The Israeli company said the acquisition adds an important dimension to its growing pain franchise.

Teva has agreed to buy Labrys, a Californian manufacturer of pain products with a Phase IIb migraine product. The Israeli company said the acquisition adds an important dimension to its growing pain franchise.

Teva will pay up to $625m for Labrys dependent on milestones being met, with an upfront payment of $200m

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