Stallergenes Greer Back On The M&A Beat

02 Oct 2017

• By John Davis

A leading allergy company in Canada has been snapped up by Stallergenes Greer, targeting North America as part of a renewed business development strategy.

House dust — Mites can be found in large numbers in house dust • Source: Shutterstock

The London, UK-headquartered allergy products company, Stallergenes Greer plc, has returned to being proactive in the allergy therapies sector by acquiring the Canadian company, Medic Savoure Ltd, for an undisclosed amount, just a week after having its marketing submission for its potential house dust mite (HDM) sublingual tablet product, STG320, accepted for review by Canadian regulators.

Although the size of the acquisition is modest – analysts estimate that Medic Savoure had annual sales of around €10m...