Bora Pharmaceuticals Acquires Upsher-Smith Laboratories

August 5, 2025

Bora Pharmaceuticals completed a 2024 acquisition of Upsher-Smith Laboratories for $210 million and is expanding the Maple Grove, Minnesota manufacturing site with a multi-year buildout. The investment includes installation of a Gerteis Macro-Pactor (operational Q3 2025) and development of 100,000 square feet of shell space to boost oral solid dose (OSD) contract development and manufacturing capabilities.

Buyers
Bora Pharmaceuticals Co., Ltd.
Targets
Upsher-Smith Laboratories
Industry
Pharmaceuticals
Location
Minnesota, United States
Transaction Type
Buyout

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