Hikma buys B-I generics subsidiary, strengthens position in US market

By Dan Stanton contact

- Last updated on GMT

Related tags: Boehringer ingelheim

Hikma buys B-I generics subsidiary, strengthens position in US market
Hikma says its $2.65bn acquisition of Roxane Laboratories will make it the sixth largest firm in the US generics space.

While perhaps overshadowed by the $40.5bn (€36.5bn) Teva-Allergan​ deal announced yesterday, Hikma is expanding its presence in the generics space through the acquisition of Boehringer-Ingelheim subsidiary Roxane Laboratories.

The company is shelling out $2.65bn for the specialty generics business, which according to CEO Said Darwazah, will transform the company’s scale and propel it to the position of sixth largest company by revenue within the US generics market.

“Roxane’s impressive portfolio, attractive pipeline and R&D expertise, focusing on higher value, niche and differentiated products, will create a platform for sustainable long-term growth,”​ he said.

“The acquisition also significantly expands our manufacturing capacity and technological capabilities.  Roxane has an excellent team of highly skilled employees and we are very excited about the value they will bring to Hikma.”

Roxane has a USFDA approved site in Columbus, Ohio which has the capabilities to make a range of dosage forms, including modified release solid orals and high potency formulations.

The deal was welcomed by Jefferies’ analyst James Vane-Tempest, who said in a note he expected “a positive share price reaction as the market has been waiting for a deal, for which Roxanne cements Hikma's US ambitions.”

Last year​, Hikma acquired another Boehringer Ingelheim subsidiary, Bedford Labs for $300m and later took up the option to buy the accompanying Ben Venue Laboratories, comprising of a large sterile site that had been shuttered by the parent company following years of regulatory issues.

Related news

Show more

Related products

show more

The battle of performance in pharma production

The battle of performance in pharma production

Telstar Life Science Solutions | 26-Mar-2019 | Case Study

Telstar case study. Discover how a versatile freeze-dryer automatic loading & unloading systemDiscover how a versatile freeze-dryer automatic loading...

From Candidate to Clinic- European Capabilities

From Candidate to Clinic- European Capabilities

Catalent Pharma Solutions | 22-Oct-2018 | Technical / White Paper

Catalent’s Nottingham, UK facility focuses on early stage development of small molecule drug candidates from the bench to clinic. This facility offers...

Fill Release at the Right Time in the Right Place

Fill Release at the Right Time in the Right Place

Gelita AG | 19-Sep-2018 | Technical / White Paper

From rapid release in the stomach for e.g. analgesics to enteric release for fills with unpleasant aftertaste – GELITA delivers the respective gelatine...

Accelerate your supply chain as pressures intensify

Accelerate your supply chain as pressures intensify

William Reed | 17-Sep-2018 | Technical / White Paper

Food, Drink and Non-Food manufacturers are under pressure. Range reviews, massive retail mergers, the backlash against plastic packaging and the ongoing...

Related suppliers

Follow us

Products

View more