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Hikma Buys Injectables Specialist Custopharm In $400m+ Deal

Deal To Acquire California-Based Firm Will Bolster Hikma’s US Injectables Business

 
• By Dave Wallace

Hikma has agreed to acquire US sterile injectables specialist Custopharm in a deal that includes a $375m upfront purchase price and a further $50m in milestone payments. The transaction is set to bolster Hikma’s near-$1bn injectables business that currently accounts for around two-fifths of turnover.

Injectables Vials Syringe
Hikma has agreed a $400m+ deal for sterile injectables specialist Custopharm • Source: Alamy

Hikma is to acquire US sterile injectables specialist Custopharm from Water Street Healthcare Partners in a deal worth up to $425m, with the transaction set to expand Hikma’s US injectables portfolio and bolster an injectables segment that already accounts for around two-fifths of the firm’s total turnover and is on track to become a billion-dollar division in 2021.

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