Renaissance Lakewood, LLC entered into an asset purchase agreement to acquire certain assets of INSYS Therapeutics, Inc. (OTCPK:INSY.Q) for $0.28 million on December 2, 2019. As per terms, consideration is paid in cash and the assets include Equipment and Transferred Records, and copies of all data or information in INSYS’s possession that is reasonably necessary for Renaissance’s use of the Equipment to manufacture pharmaceutical products. The transaction is subject to approval by the Bankruptcy Court and provides for customary closing conditions, including entry and effectiveness of the sale order of the Bankruptcy Court authorizing and approving the transaction. The Renaissance Purchase Agreement also provides for customary termination rights. Transaction was approved by Bankruptcy on December 16, 2019. Ronit Berkovich and Frederick S. Green of Weil, Gotshal & Manges LLP acted as legal advisor to INSYS and Jonahthan Aberman of Dykema Gossett PLLC acted as legal advisor to Renaissance. Lazard acted as financial advisor to Insys Therapeutics. Renaissance Lakewood, LLC completed the acquisition of certain assets of INSYS Therapeutics, Inc. (OTCPK:INSY.Q) on December 19, 2019.