Hikma Pharmaceuticals Plc Acquisition (6414Y)
January 17 2022 - 2:00AM
UK Regulatory
TIDMHIK
RNS Number : 6414Y
Hikma Pharmaceuticals Plc
17 January 2022
Hikma expands into Canada with acquisition of Teligent sterile
injectable assets
London, 17 January 2022 - Hikma Pharmaceuticals PLC (Hikma), the
multinational pharmaceutical company, today announces that it has
agreed to acquire the Canadian assets of Teligent Inc. (Teligent)
for $45.75 million. The transaction is expected to be completed
before the end of the first quarter of 2022.
The acquisition marks Hikma's expansion into Canada and includes
a portfolio of 25 sterile injectable products, three in-licenced
ophthalmic products and a pipeline of seven additional products,
four of which are approved by Health Canada.
Riad Mishlawi, President of Hikma Injectables, commented, "This
acquisition further expands our portfolio of essential sterile
injectable medicines and gives Hikma an entry into the highly
attractive Canadian injectables market. The combination of our
sales and marketing expertise and this portfolio of exciting
products will enable us to expand our North American business and
develop a solid position in this important market."
In October 2021, Teligent filed for voluntary protection under
Chapter 11 of the U.S. Bankruptcy Code. As part of this process,
Teligent initiated a sale of its core assets, following which Hikma
has agreed to acquire Teligent's Canadian assets.
- ENDS -
Enquiries:
Hikma (Investors):
Susan Ringdal
EVP, Strategic Planning and Global +44 (0)20 7399 2760/ +44 (0)7776
Affairs 477050
Guy Featherstone +44 (0)20 3892 4389/ +44 (0)7795
Senior Investor Relations Manager 896738
Layan Kalisse +44 (0)20 7399 2788/ +44 (0)7970
Investor Relations Analyst 709912
Teneo (Press):
+44 (0)7703 330 269
Charles Armitstead
US Media
Steven Weiss/David Belian +1 732 788 8279/ +1 848 254 4875
About Hikma
(LSE: HIK) (NASDAQ Dubai: HIK) (OTC: HKMPY) (rated BBB-/stable
S&P and BBB-/stable Fitch)
Hikma helps put better health within reach every day for
millions of people around the world. For more than 40 years, we've
been creating high-quality medicines and making them accessible to
the people who need them. Headquartered in the UK, we are a global
company with a local presence across the United States (US), the
Middle East and North Africa (MENA) and Europe, and we use our
unique insight and expertise to transform cutting-edge science into
innovative solutions that transform people's lives. We're committed
to our customers, and the people they care for, and by thinking
creatively and acting practically, we provide them with a broad
range of branded and non-branded generic medicines. Together, our
8,600 colleagues are helping to shape a healthier world that
enriches all our communities. We are a leading licensing partner,
and through our venture capital arm, are helping bring innovative
health technologies to people around the world. For more
information, please visit: www.hikma.com
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END
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