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EX-99.1 - FORM 99.1 - ACETO CORPex99-1.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

 

Date of Report (Date of earliest event reported): September 5, 2014

 

Aceto Corporation

(Exact Name of Registrant as Specified in its Charter)

 

 

 

New York 000-04217 11-1720520
(State or Other Jurisdiction of Incorporation) (Commission File Number)

(IRS Employer

Identification No.)

 

4 Tri Harbor Court, Port Washington, NY 11050

(Address of Principal Executive Offices) (Zip Code)

 

Registrant's telephone number, including area code: (516) 627-6000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14-12)
   
☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
   
☐  Pre-commencement communications pursuant to Rule 13-e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 
 

Item 8.01 Other Events

 

 

Aceto Corporation announced that Rising Pharmaceuticals Inc., its finished dosage form generics subsidiary, has completed the purchase of three Abbreviated New Drug Applications (ANDAs) from Par Pharmaceutical, Inc., acquiring Doxercalciferol, Paricalcitol and Dutasteride Capsules. All of the products utilize soft gel capsule technology. The purchase price included $750,000 paid at closing plus up to $5.5 million based upon FDA approval of Doxercalciferol and Dutasteride and launch milestones for all three products.  It is anticipated that an additional approximately $1.9 million in development, inventory and other deal costs will be expended in connection with the transaction.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No. Description
   
99.1 Press Release, dated September 8, 2014

 

 
 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ACETO CORPORATION

 

Dated: September 11, 2014 By: /s/ Salvatore Guccione
Salvatore Guccione
President and CEO