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UCB finds buyer for US generics business despite methylphenidate uncertainties

 
• By Sukaina Virji

Belgian pharma company UCB S.A. has finally found a buyer for its US generics business Kremers Urban Pharmaceuticals Inc., after a deal with private equity firms Advent International and Avista Capital Partners fell through last year. Lannett Company Inc. will pay the Belgian firm $1.23bn in cash plus certain contingent payments.

Belgian pharma company UCB S.A. has finally found a buyer for its US generics business Kremers Urban Pharmaceuticals Inc., after a deal with private equity firms Advent International and Avista Capital Partners fell through last year. Lannett Company Inc. will pay the Belgian firm $1.23bn in cash plus certain contingent payments.

The move is the latest in a series of consolidation maneuvers within the generics sector in recent months. The leadership...

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