Ferring Pharma Acquires Cytokine PharmaSciences to Strengthen Obstetrics Portfolio
Ferring Pharmaceuticals buys Cytokine PharmaSciences Inc. and its UK subsidiary Controlled Therapeutics (Scotland) Ltd., a global biopharmaceutical company with a particular focus in obstetrics.
Swiss-based pharmaceutical company Ferring Pharmaceuticals has acquired Cytokine PharmaSciences Inc. (CPSI) and its UK subsidiary Controlled Therapeutics (Scotland) Ltd. (CTS), a global biopharmaceutical company with a particular focus in obstetrics.
Michel Pettigrew, president of the executive board and chief operating officer at Ferring, said,"This acquisition advances our vision to become the global scientific and commercial leader in reproductive health, and perfectly complements our already strong portfolio of obstetrics products including TRACTOCILE (atosiban) and PABAL (carbetocin). In addition, the acquisition includes the manufacturing assets for dinoprostone marketed by Forest Laboratories, Inc. as CERVIDIL in the US and Canada, and by Ferring as PROPESS elsewhere. This acquisition gives us the opportunity to i
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