Boehringer sells Bedford Laboratories to Hikma Pharmaceuticals for US$300 million
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Last Update: 2014-05-30
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Source: Internet
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Author: User
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Source: dingxiangyuan sold Bedford laboratories, its troubled sterile injection subsidiary, to hikma pharmaceutical for us $300 million on May 30, 2014 Bedford in the United States is part of the Ben venue laboratories division in Bingham, a subsidiary that has received public attention in recent years for its efforts to correct quality problems Boehringer ingelham has said that he intends to close the Ben venue facility by the end of 2013, because the cost of bringing it back to normal is very high, and more than 1000 people are unemployed after the closure Less than 300 are still in factories For now, the deal with hikma seems to save the plant, which is described as one of the world's largest producers of sterile injections The UK based company said it would be able to retain some of Bedford's staff, but it did not disclose the number In addition to the production facilities, hikma will also acquire ownership of Bedford's 84 injection generics and many contracts to manufacture drugs for other companies, saying that "it plans to reintroduce planned acquisitions to address critical supply shortages in the US market." After the FDA forced it to suspend production temporarily, Boehringer Ingelheim had invested $300 million to continue production by the end of 2012, and the company said it would cost another $700 million to get the company fully on track in the next five years Hikma doesn't seem to be afraid of this challenge, perhaps because it will get a rapid upgrade, be able to deliver about 30% of Bedford drugs to its plants in the United States, Portugal and Germany, and may launch these products to these countries between 2015 and 2017 A statement from the company said Bedford may play a more professional role in the future, focusing on its freeze-drying powder capacity and facilities for the production of cytotoxic drug products, but its ultimate fate is uncertain Ohio officials said they were cautiously optimistic that the Ben venue plant would be rescued from the acquisition Original address: http://www.pmlive.com/pharma'news/boehringer'sales'injectables'business'to'hikma'for $300m'5739
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