Aspen sells European thrombosis business to Mylan

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Ireland News News

Aspen sells European thrombosis business to Mylan 🔒

SA’s biggest pharmaceutical manufacturer, Aspen Pharmacare, has sold the commercial rights to its thrombosis business in Europe to US-based Mylan for €641.9m , and will use the funds to further reduce its debt, it announced on Tuesday.

Investors welcomed the news, sending its shares up as much as 9.4% during intraday trading before closing 5.42% up at R141.33. The company has a market capitalisation of R64.5bn.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aspen to sell European thrombosis business for €641.9mThe proceeds of the sale to US pharmaceutical group Mylan will be used to reduce debt, Aspen says
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Shoprite and Aspen boost JSE as miners lag behindThe rand fell to about a one-week low, nearing R17/$, with the JSE all share paring gains following the release of second-quarter GDP data
Source: BDliveSA - 🏆 12. / 63 Read more »

Aspen to sell European thrombosis business for €641.9mThe proceeds of the sale to US pharmaceutical group Mylan will be used to reduce debt, Aspen says
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Shoprite and Aspen boost JSE as miners lag behindThe rand fell to about a one-week low, nearing R17/$, with the JSE all share paring gains following the release of second-quarter GDP data
Source: BDliveSA - 🏆 12. / 63 Read more »