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IN BRIEF: Hikma gets preliminary US approval for Custopharm acquisition

Wed, 20th Apr 2022 09:16

Hikma Pharmaceuticals PLC - London-based generic drugmaker - Receives preliminary approval from the US Federal Trade Commission for its planned acquisition of Custopharm Inc. Back in September, Hikma agreed to buy the California, US-based generic injectable products company for a total of up to USD425 million.

Current stock price: 2,068.00 pence, down 0.6% on Wednesday

12-month change: down 13%

By Tom Budszus; tombudszus@alliancenews.com

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