Recro Pharma Inc

NASDAQ:REPH   2:59:02 PM EDT
2.16
-0.02 (-0.92%)
Other Pre-Announcement, Mergers / Acquisitions

Recro Announces Acquisition Of San Diego-Based Irisys, Creating Bi-Coastal, Full Service Cdmo

Published: 08/13/2021 13:23 GMT
Recro Pharma Inc (REPH) - Recro Announces Acquisition of San Diego-based Irisys, Creating Bi-coastal, Full Service Cdmo.
Recro Pharma - Acquired Irisys for About $50 Million in Combination of Cash, Shares of Recro Common Stock & a Seller Promissory Note.
Recro Pharma - Irisys Expects to Generate $15.4 Million in Revenue for FY 2021 & Has About $23 Million Spanning Its Contracted Backlog & Vetted Sales Pipeline.