Azurity Pharmaceuticals entered into a definitive agreement to acquire Arbor Pharmaceuticals from existing investors, including JW Asset Management and KKR.
Azurity Pharmaceuticals was born as a corporate identity in June 2019 with the acquisition of Silvergate Pharmaceuticals by CutisPharma.
NovaQuest Capital Management, which supported CutisPharma and its management team in the transaction, became the majority owner of the new entity, which focused on developing drug delivery technologies to provide customized dosage forms to patients. The value of that transaction was not disclosed, but it was backed by NovaQuest Fund I, which held its final close . . .
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