Recro Pharma Acquires IRISYS (San Diego)

August 13, 2021

Recro Pharma (NASDAQ: REPH) acquired San Diego–based CDMO IRISYS for approximately $49.85 million in cash, stock and a seller promissory note, transforming Recro into a bi‑coastal, full‑service CDMO. The acquisition expands Recro's capabilities (including aseptic fill/finish and lyophilization), diversifies its client base and adds near‑term revenue and backlog.

Buyers
Recro Pharma, Inc.
Targets
IRISYS
Sellers
EPS Americas, Corp., IriSys, Inc., Continent Pharmaceuticals U.S., Inc.
Industry
Pharmaceuticals
Location
California, United States
Transaction Type
Buyout

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