Almirall Eyes Top Specialty Dermatology Role After its AstraZeneca Deal

Spain’s leading pharma company will use proceeds of its respiratory products sale to bulk up in dermatology, with the aim of becoming a global leader in the sector.

Spain’s mid-sized pharma company Almirall SA is to use cash from the sale of its respiratory franchise to AstraZeneca PLC to become a “top global player in dermatology”, a move already underway with the purchase of U.S. dermatology-focused Aqua Pharmaceuticals LLC in December 2013.

The AZ deal, valued at around $2 billion and completed at the beginning of November [See Deal], allows Almirall to move aggressively “but prudently” towards a specialty pharma model, CEO Eduardo Sanchiz

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