IN BRIEF: Hikma gets preliminary US approval for Custopharm acquisition

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Hikma Pharmaceuticals PLC - London-based generic drugmaker - Receives preliminary approval from the US Federal Trade Commission for its planned acquisition of Custopharm Inc. Back in September, Hikma agreed to buy the California, US-based generic injectable products company for a total of up to $425 million.

Current stock price: 2,068.00 pence, down 0.6% on Wednesday

12-month change: down 13%

Copyright 2022 Alliance News Limited. All Rights Reserved.