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

Shifting the Biomanufacturing Paradigm

Shifting the Biomanufacturing Paradigm

BioContinuum™ Platform - MilliporeSigma | 01-Jul-2020 | Technical / White Paper

Adoption of next generation processing and technologies can enable improvements in productivity by streamlining workflows, reducing the manufacturing plant...

Bio4C™ ProcessPad Software Datasheet

Bio4C™ ProcessPad Software Datasheet

BioContinuum™ Platform - MilliporeSigma | 01-Jul-2020 | Data Sheet

Biopharmaceutical processes are complex and highly variable in nature. This can result in inconsistent and sometimes unpredictable process outcomes. To...

Follow us


View more