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Hikma To Buy Bedford, Transfer Manufacturing For U.S. Generics Injectables

 
• By Sten Stovall

Ben Venue’s shuttered Ohio plant is also slated to be part of the transaction, but Hikma’s initial focus is on moving acquired assets into its production facilities, even though the Jordan-based firm expects only limited revenue from them over the next two years.

Hikma Pharmaceuticals PLC is buying a range of assets from Bedford Laboratories, the U.S. generic injectables business of Ben Venue Laboratories Inc., including its product portfolio, raw materials – and troubled manufacturing facilities.

Hikma will pay Ben Venue, which is part of Boehringer Ingelheim GMBH, a total of up to $300 million,...

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