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Today Sponge acquisition

This article was originally published in The Tan Sheet

Executive Summary

Specialty generics firm Alvogen acquires the Today Spongenon-hormonal birth control brand from Synova Healthcare and expects to establish a "leadership position in an emerging 'third' category" in addition to its branded pharmaceuticals and generics businesses, the Bridgewater, N.J.-based firm says June 11. While Norwich Pharmaceuticals will continue manufacturing Today Sponge, Alvogen will leverage its product portfolios and pipelines of multiple affiliates to grow sales of the product, CEO Douglas L. Drysdale says...

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