Meda Scoops Up Asthma Inhaler Maker For $135M

Law360, New York (August 30, 2013, 1:54 PM EDT) -- Swedish pharmaceutical company Meda AB will buy Acton Pharmaceuticals Inc. for $135 million, an addition driven largely by the Massachusetts company's newly approved steroid-containing asthma inhaler, it said Friday.

Acton's Aerospan, an inhaler set to hit the U.S. market at the beginning of next year, is Meda's key to the nation's $2 billion market for inhaled asthma products containing a mono-corticosteroid, as well as other major markets, according to Meda. Aerospan falls within one of Meda's core therapy areas, respiratory, the company said.

"The acquisition of...
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