Ferring acquires Savient's global biologics manufacturing business

Published: 1-Sep-2005
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Ferring BV and Ferring International Centre SA, both divisions of the Swiss speciality biopharmaceutical group, have completed the purchase of Biotechnology General (BTG), the manufacturing business of Savient Pharmaceuticals.

The acquisition gives Ferring the global rights to market Euflexxa, a novel hyaluronic acid product for the amelioration of knee pain due to osteoarthritis. Euflexxa represents an additional speciality marketing opportunity that expands the company's US product line beyond infertility.

With the completion of this deal Ferring and Savient have entered into a co-promotion agreement for Euflexxa in the US and expect to launch the product in the final quarter of 2005.

Savient's global biologics portfolio of products also includes BioLon, a hyaluronic acid product for use in ophthalmic surgery, and Bio-Tropin, a human growth hormone product for the treatment of growth hormone deficient children. The deal also includes the acquisition of BTG's purpose-built biotech manufacturing facility at Be'er Tuvia in Israel.

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