Alora Pharmaceuticals announced that its wholly owned subsidiary, Sovereign Pharmaceuticals, has acquired, through bankruptcy proceedings, substantially all of Monarch PCM’s manufacturing capabilities located in Fort Worth, TX. The acquisition, which closed on January 4, 2022, included all of Monarch’s equipment at the site along with an assignment of the leased space, which is located in the same complex as Sovereign’s main facility. The synergy of the acquired equipment and proximity to Sovereign’s current operations will allow Sovereign to expand its current operations into the new footprint after some renovation.
