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Pharmaceuticals

Endo Will Acquire Drug Partner Penwest

by Rick Mullin
August 16, 2010 | A version of this story appeared in Volume 88, Issue 33
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Endo Pharmaceuticals plans to acquire drug delivery technology specialist Penwest Pharmaceuticals in a cash deal valued at about $168 million. The two companies have worked together since 1997 developing the extended-release pain relief drug Opana. They are currently working on a crush-resistant version of Opana with Grunenthal, a German drugmaker. Endo recently filed a New Drug Application for the formulation with FDA.

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