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Business
Albany Molecular To Buy Oso Biopharma
by Marc S. Reisch
June 9, 2014
| A version of this story appeared in
Volume 92, Issue 23
Albany Molecular Research Inc. has signed a definitive agreement to buy Albuquerque, N.M.-based Oso Biopharmaceuticals Manufacturing for $110 million. Pending regulatory approvals, the deal should close by the end of September. Oso is a contract maker of injectable drug products that on its own would have had 2014 earnings of $10 million on sales of $60 million. AMRI says Oso will add significantly to its sterile-manufacturing capability.
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