Meda has signed an agreement to divest the manufacturing unit in Lakewood, New Jersey.
The manufacturing unit will be divested to the contract manufacturer DPT. According to Meda the manufacturing facility is dedicated to global supply of the product MUSE.
As part of the agreement Meda has entered into a long term supply agreement with DPT with improved cost of goods for MUSE. The divestment is in line with Meda’s ambitions to optimize manufacturing, the company states. The financial impact of the transaction is not material.