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Recipharm Boosts Inhalation And Injectables Manufacturing By Acquiring UK’s Consort Medical

 
• By Marion Webb

Sweden's Recipharm has agreed to buy UK-based Consort Medical for £505m ($652m) to become a leading inhalation-device company. 

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Swedish pharmaceutical group Recipharm AB announced on 18 November that it had struck a deal to buy UK-based respiratory device and contract manufacturer Consort Medical PLC for £505m ($652m), bolstering Recipharm's annual revenue to $1.1bn.

Recipharm, which develops and manufactures products for pharmaceutical and smaller R&D companies on a contract basis, said the deal would raise its scale and profitability, giving it annual sales of SEK10.8bn ($1

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