SERB Pharmaceuticals Acquires RSDL Kit from Emergent BioSolutions for $75M

July 31, 2024

SERB Pharmaceuticals purchased the RSDL (Reactive Skin Decontamination Lotion) kit and related inventory, contracts and operations from Emergent BioSolutions for approximately $75 million, with an additional $5 million contingent milestone payment. The deal includes the Hattiesburg, Mississippi leased manufacturing facility and several site-based employees (who will join SERB), while Emergent's Winnipeg facility will continue to supply bulk lotion under a long-term supply agreement; Emergent said the divestiture supports debt reduction and portfolio rationalization.

Buyers
SERB Pharmaceuticals
Targets
RSDL (Reactive Skin Decontamination Lotion) kit
Sellers
Emergent BioSolutions Inc.
Industry
Medical Devices
Location
Maryland, United States
Transaction Type
Divestiture

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