Italy’s Angelini Eyes Major Pharma Merger to Boost Drug Pipeline

-- Italian drugmaker Angelini Pharma SpA is looking at three US biotechs for a potential merger that would expand its global footprint and help it execute an ambitious growth plan.Sergio Marullo di Condojanni, the chief executive officer of the drugmaker’s Rome-based holding company, Angelini Holding SpA, said in an interview that the ideal partner would have a pipeline of products in late clinical trials, and have released at least one drug to treat epilepsy, depression or schizophrenia.

While Marullo said Angelini is particularly interested in expanding into the US, where it does not currently have a presence, Bloomberg News reported last month that the company has also expressed interest in Milan-listed Italian drugmaker Recordati SpA. That came after buyout firm CVC Capital Partners Plc kicked off discussions about selling its controlling stake, according to people familiar with the matter.

In 2021, Angelini agreed to buy Swiss-based Arvelle Therapeutics, which makes seizure drugs, in an all-cash deal worth as much as $960 million. Thanks to investments totaling around €800 million, Marullo di Condojanni said that the company’s revenue has risen more than 25% over the past four years.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

How Medicare drug price negotiations could hit pharma stocksAs a string of negative headlines and promising new developments present ideal buying opportunities for investors, Josh Lipton and Julie Hyman perform a mid-...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Purdue Pharma ruling makes it more difficult for owners of bankrupt companies to sidestep liabilityThe Supreme Court upended a $6 billion opioid settlement that would have shielded the owners of OxyContin maker Purdue Pharma from legal peril.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »