Milwaukee Journal Sentinel:
County Line Pharmaceuticals, a Brookfield company founded in 2007, has agreed to be bought by Alvogen, a privately owned pharmaceutical company, reportedly for $300 million.
County Line, which did not return calls for comment Tuesday, sells so-called specialty generic pharmaceuticals — older drugs with a limited market and typically high prices.
Its products include a drug for migraines, a vitamin D solution, hydrocortisone cream for hemorrhoids and hyoscyamine sulfate, a drug approved before 1962 used for stomach and intestinal problems, said Stephen Schondelmeyer, a professor of pharmaceutical economics in the College of Pharmacy at the University of Minnesota.
County Line has 12 marketed products in the United States and expects nine regulatory approvals this year and eight next year to sell other generic drugs, according to the news release announcing the pending sale.