We've updated our Privacy Policy to make it clearer how we use your personal data.

We use cookies to provide you with a better experience. You can read our Cookie Policy here.

Advertisement
Teligent Completes Acquisition of Alveda Pharmaceuticals' Assets
News

Teligent Completes Acquisition of Alveda Pharmaceuticals' Assets

Teligent Completes Acquisition of Alveda Pharmaceuticals' Assets
News

Teligent Completes Acquisition of Alveda Pharmaceuticals' Assets

Read time:
 

Want a FREE PDF version of This News Story?

Complete the form below and we will email you a PDF version of "Teligent Completes Acquisition of Alveda Pharmaceuticals' Assets"

First Name*
Last Name*
Email Address*
Country*
Company Type*
Job Function*
Would you like to receive further email communication from Technology Networks?

Technology Networks Ltd. needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, check out our Privacy Policy

Teligent, Inc. has announced that it has completed the acquisition of the assets of Alveda Pharmaceuticals, Inc. for $47 million CAD in cash.

Announced in October 2015, the accretive transaction provides Teligent a platform to expand its specialty generic pharmaceutical portfolio of products across Canada.

''We look forward to building on the successful business that the Alveda team has created over the last several years,'' said Jason Grenfell-Gardner, President and CEO of Teligent. ''We see great opportunities to integrate our R&D capabilities with the commercial and regulatory strengths of our new colleagues in Canada.''

As part of the deal closing, the Company has announced the appointment of Mike Bethell as General Manager, Canada for Teligent. ''Mike has been with Alveda from the beginning. He has played a significant role in driving the company's growth, and we look forward to his leadership and market expertise to further build our business in Canada.''

Advertisement