Atlanta, GA (May 21, 2009) Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that it represented Sciele Pharma, Inc., a U.S.-based pharmaceutical company, in its agreement to acquire pharmaceutical manufacturer Victory Pharma. The agreement, valued at $150 million, is expected to close in the second quarter of 2009.
The transaction underscores Scieles strategic plan to further diversify its product portfolio and will generate additional growth for Sciele in the pain market. Atlanta partner Tinley Anderson led the Paul Hastings team, which included associates Michael Greene and Clare Arguedas.
About Sciele Pharma: Sciele Pharma, Inc., a Shionogi Company, is a pharmaceutical company specializing in sales, marketing and development of branded prescription products focused on the therapeutic areas of cardiovascular, diabetes, womens health and pediatrics.
Paul, Hastings, Janofsky & Walker LLP is a leading international law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.