3M Completes U.S. Pharma Sale

Graceway Pharmaceuticals, a Bristol, Tenn.-based drug company owned by GTCR, has completed its $875 million acquisition of 3M's pharmaceuticals operations in the U.S., Canada and Latin America. Graceway also has subsumed fellow GTCR portfolio company Chester Valley Pharmaceuticals. www.3m.com www.gtcr.com