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GlobeNewswire·

Osmotica Pharmaceuticals plc Announces Conclusion of Strategic Process with Agreement for the Sale of Legacy Business to Alora Pharmaceuticals, LLC

Osmotica will receive a $110 million upfront cash payment, with the potential to receive up to $60 million in additional milestone paymentsAlora will acquire manufacturing operations in Marietta, Georgia in addition to legacy productsOsmotica will retain