Hi-Tech Pharmacal

Pharmaceutical firm sold for $5 million

A small pharmaceutical company with deep roots in Richmond has been acquired by a New York firm. After a spending a year searching for the right suitor, ECR Pharmaceuticals was bought by Hi-Tech Pharmacal Co. for $5.1 million in cash. ECR’s 60 employees have the option of staying on, said Davis Caskey, one of the… Read more »