Sosei to acquire Activus

Sosei Group Corp. (Tokyo:4565) will acquire drug delivery company Activus Pharma Co. Ltd. (Chiba, Japan) for up to Y500.3 million ($5.5 million) in cash and up to Y1 billion ($11 million) in future payments. Sosei will gain Activus Pure Nano-particle Technology (APNT), which can yield highly pure 50-300 nm particles for use in injections, ophthalmic solutions and inhalations of poorly soluble compounds. Sosei plans to use the technology in deals with companies developing branded generics and to develop its own products. Sosei said the deal fits its focus on reprofiling drugs for new indications. ...