IN BRIEF: Hikma Pharmaceuticals completes Custopharm deal

Thu, 21st Apr 2022 14:37

Hikma Pharmaceuticals PLC - London-based generic drugmaker - Completes acquisition of Custopharm Inc from Water Street Healthcare Partners, following approval from the US Federal Trade Commission. Back in September, Hikma agreed to buy the California-based generic injectable products company for a total of up to USD425 million. Deal will add up to 13 approved products and additional pipeline products.

Current stock price: 2,046.00 pence

12-month change: down 16%

By Paul McGowan; paulmcgowan@alliancenews.com

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