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Fresenius Kabi Acquires Ivenix For $240M To Expand Presence In Infusion Pump Market

 
• By Dave Wallace and Reed Miller

Fresenius Kabi will pay up to $240m for Massachusetts-based Invenix to expand its infusion pump portfolio. Simultaneously, the company also made a major move to bolster its biosimilars business by acquiring a majority stake in mAbxience.

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• Source: Alamy

Fresenius Kabi, a division of Fresenius Health Care, will acquire Massachusetts-based Ivenix to add a next-generation infusion therapy platform in the US market, complementing the firm’s global infusion therapy offering and providing it with additional hospital-connectivity capabilities.

With the purchase price combining a $240m upfront payment and milestone payments linked to commercial and operating targets, Fresenius said that “significant scale and growth synergies” were expected from the transaction, which is expected to close

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