Hikma Closes Acquisition of US Sterile Injectables Provider Custopharm.
MANews-(C)2009-2022
UK-based pharmaceutical company Hikma Pharmaceuticals plc (OTC: HKMPY) has closed the acquisition of US-based generic sterile injectables firm Custopharm Inc. from Water Street Healthcare Partners, the company said.
Hikma paid an initial cash consideration of USD 375m on a debt and cash-free basis, with a further USD 50m in contingent consideration payable upon the achievement of certain commercial milestones.
Custopharm, a US-based generic sterile injectables company with a differentiated product portfolio and R and D pipeline, currently markets its products in the US through its commercial arm Leucadia Pharmaceuticals.
The deal was announced on...
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