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Hikma Could Consider Exit Strategy For Generics Business

Also Provides Update On CEO Search As Recruitment Process Continues

 
• By Dave Wallace

Hikma says all options are on the table for its beleaguered generics business, with an immediate sale unlikely but the door open for a longer-term exit strategy. Meanwhile, the firm has also offered an update on recruitment for a new CEO.

Door Exit Dollar Sign Shadow
Hikma could consider exiting the generics business – but admits the timing might not be right to extract maximum value from the division • Source: Shutterstock

In candid comments made during the J.P. Morgan Healthcare Conference, Hikma has acknowledged that it could be considering an exit strategy for its US generics business after a tough year that has seen forecasts slashed amid heavy pricing and competitive pressures.

Last year, the firm made multiple cuts to its generics guidance as first-half sales dropped by 18%, with the firm’s...

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