ANI Pharmaceuticals (NASDAQ:ANIP) is the biotech of the week on the Fool's weekly show Biotech Banter. Watch the following video, where senior biotech specialist Brian Orelli and health-care bureau chief Max Macaluso discuss the generic-drug company that went public last year through a merger with BioSante.

Since then the company acquired some already-approved generic drugs from Teva Pharmaceuticals (NYSE:TEVA) and set up partnerships with Sofgen Pharmaceuticals and Sterling Pharmaceutical Services.

In addition to sales of its generic-drug products, ANI Pharmaceuticals has potential for milestones and royalties from BioSante's legacy programs: a testosterone gel licensed to Teva and a portfolio of cancer vaccines licensed to Aduro BioTech.

The small generic-drug maker might have trouble competing with Teva, Novartis (NYSE:NVS), and the rest of the big boys, but ANI Pharmaceuticals may be able to find a niche and potentially be a takeout target down the road.

Brian OrelliMax Macaluso and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.