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Deal For TheraTears Emphasizes Prestige Is A Consumer Health Business, Akorn Isn't

Executive Summary

Both firms announce agreement for Prestige to pay Akorn $230m cash for TheraTear, Diabetic Tussin and Zostrix OTCs and MagOx and Multi-betic supplements. Akorn says the agreement is "to sell its Consumer Health business,” even though it retains two consumer brands.

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