Cardinal buys SP Pharmaceuticals
Cardinal Health says it has acquired the assets and some liabilities ofSP Pharmaceuticals, a privately-held provider of drug development and manufacturing services for biotechnology and pharmaceutical products. Financial terms of the deal were not disclosed.
SP Pharmaceuticals, based in Albuquerque, New Mexico, has 250 employees and operates a 215,000-square-foot drug development and contract manufacturing center. It makes sterile, injectable drugs and biologics in liquid and freeze-dried formulations.
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