Princeton, New Jersey based Slayback Pharma LLC (“Slayback”) announced that it has entered into an agreement with The Everstone Group (“Everstone”) to invest up to USD 50 million in primary funding. Slayback, founded by Ajay Singh and backed by KKR, has created has a strong portfolio of complex generics and specialty pharmaceuticals products. In 2019, Slayback received approvals for three products. The funds will be used for expansion of the injectable and alternate dosage forms led product portfolio.
Avendus Capital is the exclusive financial advisor to Slayback on this transaction.
Slayback Pharma LLC
Post the transaction, Everstone will join KKR as investor on the board of Slayback.
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