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Recipharm Invests $209M in Strategic Acquisitions

Adds operations in U.S. and Sweden, expands capabilities in India

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By: Kristin Brooks

Managing Editor, Contract Pharma

Recipharm AB has signed two agreements to acquire Kemwell’s pharmaceutical contract development and manufacturing (CDMO) businesses with U.S. and Swedish operations, in a transaction valued at approximately $104 million. The transactions are expected to close during 2Q16. These businesses had approximately $91.6 million in 2015 preliminary sales. The acquisitions add U.S. FDA and EU approved manufacturing operations and expanded capabilities in India, as well as established API and dose form ...

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