St. Louis drug company sold for $757 million

Courtesy of Creative Commons
Courtesy of Creative Commons

Lumara Health, which recently changed its name from KV Pharmaceutical, is being acquired by two different buyers in deals valued at $757 million. The St. Louis-based company, which has a major focus on the maternal health business, emerged from Chapter 11 bankruptcy last year.

Waltham, Mass.-based AMAG Pharmaceuticals is acquiring Lumara Health Inc. for $675 million, comprised of $600 million in cash and $75 million in stock. In a separate transaction, Dublin, Ireland-based Perrigo Co. is spending $82 million to acquire the assets of Lumara Health’s women’s health care business.

Read more from the St. Louis Business Journal

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