LEO Pharma Acquires Timber Pharmaceuticals
LEO Pharma A/S announced on August 21 it acquired Timber Pharmaceuticals LLC, a biopharmaceutical company focused on developing and commercializing treatments for orphan dermatologic diseases. Timber Pharmaceuticals’ lead investigational product candidate, TMB-001, is a topical reformulation of the active ingredient, isotretinoin, which is aimed at treating congenital ichthyosis, a rare skin disease with significant unmet needs and no approved prescription therapies available. Founded in 1908, LEO Pharma A/S is owned by the LEO Foundation, one of Denmark’s largest commercial foundations. LEO Pharma is a specialty pharmaceutical company focused on dermatology, and markets products in more... Read More »
Harmony Biosciences Holdings Acquires Zynerba Pharmaceuticals
On August 14, Harmony Biosciences Holdings, Inc. announced that it acquired Zynerba Pharmaceuticals, Inc. for $60 million. According to data captured in the LevinPro HC database, this transaction marks the 66th Pharmaceuticals acquisition of 2023. Zynerba Pharmaceuticals is a leader in innovative pharmaceutically produced, synthetic transdermal cannabidiol therapies for orphan neuropsychiatric disorders, including Fragile X syndrome. Zynerba’s lead asset, Zygel, is the first pharmaceutically manufactured, synthetic cannabidiol, formulated as a patent-protected permeation-enhanced gel for transdermal delivery through the skin and into the circulatory system. Harmony Biosciences... Read More »
Men’s Health Provider Acquires Colombia-Based Medical Marijuana Company
Ultimate Sports, Inc. has acquired Sannabis S.A.S., a medical marijuana company based in Colombia. Terms of the deal were not disclosed. Sannabis is a licensed cannabis company operating in Cali, Colombia. It has a line of cosmetic, medical and industrial products made from cannabis and hemp. The company is licensed to grow, manufacture and export cannabis and cannabis derivatives. Ultimate Sports is a men’s health services provider. Ultimate Sports’ Men’s Advanced RX Online Medical Clinic provides a licensed physician to diagnose and treat male health and wellness issues. Ultimate Sports named Juan Paulo Guzmán and John Campo, Sannabis co-founders, to the board of directors. Guzman... Read More »
MariMed Completes Acquisition of Medical Cannabis Operator Ermont
MariMed, Inc announced that it has acquired the operating assets of Ermont Inc., a vertically integrated medical cannabis operator located in Quincy, Massachusetts. The closing of this transaction is the result of a successful restructuring conducted by Ermont’s court-appointed receiver Opus Consulting Partners LLC. Opus Consulting and MariMed negotiated this transaction with court approval. The acquisition marks the second medical dispensary for MariMed in Massachusetts, completing MariMed’s buildout to the maximum allowable by state regulations. The transaction closed on March 9, 2023, and the dispensary began operations under the Panacea Wellness brand name the following day. This... Read More »
Alfresa Holdings Corp Purchases Miyazaki Onsendo Shoten
Alfresa Holdings Corp. announced that it purchased Miyazaki Onsendo Shoten for an undisclosed price. Alfresa has acquired all outstanding common shares of Miyazaki Onsendo Shoten to make it its wholly owned subsidiary. Houlihan Lokey, Inc. acted as an advisor to Alfresa Holdings. Alfresa Holdings Corp. is a Japan-based holding company primarily engaged in the wholesale of drugs. Alfresa is one of the largest pharmaceutical wholesalers in Japan, with sales of approximately ¥2,586 billion ($23 billion USD) and EBITDA of approximately ¥42 billion ($373 million USD) as of FYE March 2022. Miyazaki Onsendo Shoten was established in 1927 and is headquartered in Nagasaki, Japan. It is a wholesaler... Read More »Schedule a demo
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