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Pin to quick picksHikma Pharmaceuticals Share News (HIK)

Share Price Information for Hikma Pharmaceuticals (HIK)

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Share Price: 1,789.00
Bid: 1,797.00
Ask: 1,798.00
Change: 15.00 (0.85%)
Spread: 1.00 (0.056%)
Open: 1,792.00
High: 1,801.00
Low: 1,769.00
Prev. Close: 1,774.00
HIK Live PriceLast checked at -

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Boehringer's Roxane Labs draws bid from Hikma, Mallinckrodt- Bloomberg

Mon, 29th Jun 2015 22:37

June 29 (Reuters) - Jordan's Hikma Pharmaceuticals Plc has emerged as a bidder for German drugmaker BoehringerIngelheim's generics unit Roxane Labs, Bloomberg reported,citing people familiar with the matter.

Other bidders for the U.S.-based Boehringer unit includeMallinckrodt Plc and Perrigo Co, and a decisioncould be made within weeks for a sale that could fetch as muchas 2 billion euros ($2.3 billion), Bloomberg reported. (http://bloom.bg/1NqCMdX)

However, there is a possibility that the company may chooseto retain the asset, Bloomberg reported.

A spokesman for Perrigo declined to comment. Representativesat Hikma, Boehringer and Mallinckrodt were immediately notavailable for comment.

In January, Reuters reported that Boehringer, Germany'ssecond largest drug maker, was considering a sale of Roxane toput a stronger focus on the development and sale of newpharmaceuticals.

A company spokeswoman at the time said that Boehringer wasnot a specialist in generics and was therefore consideringwhether it made more sense for a generics specialist to ownRoxane Labs.

Roxane's activities include the development and marketing ofBoehringer's generic drugs. It also has a production site makingboth generic drugs and some of Boehringer's patent-protecteddrugs.

Boehringer had sales of 13.3 billion euros in 2014, of which76 percent was from prescription medicines.($1 = 0.8902 euros) (Reporting by Shivam Srivastava in Bengaluru; Editing by LeslieAdler)

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Berenberg slightly raises target price on Hikma Pharmaceuticals

(Sharecast News) - Analysts at Berenberg raised their target price on drugmaker Hikma Pharmaceuticals from 1,960.0p to 2,000.0p on Tuesday, citing more stability in its generics unit.

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TOP NEWS: Hikma boosts dividend after year of "significant progress"

(Alliance News) - Shares in Hikma Pharmaceuticals PLC jumped on Thursday after it lifted the dividend by 29% amid better-than-expected annual profit.

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Hikma lifts dividend after double-digit growth in 2023

(Sharecast News) - Hikma Pharmaceuticals impressed the market with its annual results on Thursday as it bumped up its dividend by almost a third following double-digit growth in core revenues and profits in 2023.

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Hikma agrees to settle US opioid claims

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