Sun Pharma to Acquire DUSA Pharmaceuticals for $230M

Sun Pharmaceutical Industries has announced it will acquire DUSA Pharmaceuticals for approximately $230 million in cash, according to a news release (pdf).

 

DUSA is a Wilmington, Mass-based dermatology company. Its commercial brands include BLU-U and LEVULAN/KERASTICK.

 

Levulan combination therapy is approved by FDA for treatment of non-hyperkeratotic actinic keratoses. BLU-U treatment has been approved by FDA for the treatment of moderate inflammatory acne vulgaris and general dermatological conditions.

 

"We believe this transaction brings significant value to DUSA shareholders and are pleased that Sun Pharma recognized the value that has been created," said Robert Doman, president and CEO of DUSA Pharmaceuticals, in the release. "We are confident that Sun Pharma will build upon the solid foundation our organization has established in the United States dermatology market to further expand access to Levulan for patients with actinic kerotoses."

 

Sun Pharmaceutical Industries is headquartered in India.

 

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