Below is my view of what this is about.
In order to facilitate the acquisition, the Company established a subsidiary in France, Amphastar France Pharmaceuticals SAS, or AFP.
The Company will continue the current site manufacturing activities, which consist of the manufacturing of porcine insulin API and recombinant human insulin API.
As part of the transaction, the Company has entered into various additional agreements, including various supply agreements, as well as the assignment and licensing of patents Merck was operating under at this facility.
In addition, certain existing customer agreements have been assigned to AMPH.
The Company has concluded that the transaction will be accounted for as a business combination. Given that the transaction closed on April 30, 2014
AMPH paid Merck 34,372,000 with 18,352,000 paid at closing and the balance in several payments after December 2014 . The payout back to MRK happens over several years and is finance by sales of Insulin. Now why did Merck sell this plant to AMPH ? The Deal closed April 30, 2014. AMPH Goes Public in June 2014 and the institutional partners are not released to the public for over 90 days. AMPH cuts a deal to supply MNKD insulin on 7/31/2014. Next payment to MRK from AMPH is due December 2014.
MNKD CC call and earnings is on 8/10/2014 The next day
AMPH CC call on 2nd qtr is 8/12/2014
Recent AMPH News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 08:11:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 11:09:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 11:48:27 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/05/2024 08:48:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:14:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 01:33:05 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/26/2024 09:26:38 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 08:15:37 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 08:22:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 10:35:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 10:32:36 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/10/2024 08:51:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 11:03:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 10:56:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 10:54:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 10:00:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 08:14:52 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/03/2024 08:02:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:18:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:49:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:47:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:32:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 11:29:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 10:54:00 PM
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