Admiral buys American Aqua Pharmaceuticals for 238 million | The Voice of Africa
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Admiral sweating announced the acquisition of U.S. company specializing in dermatology Aqua Pharmaceuticals for 327.6 million dollars (238 million euros). This is the first major operation carried out by corporate pharmaceuticals for many years and is an important step in the policy of diversification, geographic and product. The division of dermatology will represent between 20% and 30% of the business in 2014.
This purchase comes at a time of renewed impulse pharmaceutical Catalan abroad. Yesterday, Grifols (see information below) ratified the agreement to acquire the division of Novartis specializing in diagnosis, with an investment of 1,240 million euros.
Admiral, controlled by the family and a listed Gallardo said in a statement that the total transaction will be financed through debt consists of $ 305 million sweating ( 221 million) in cash and an additional 22.6 million related to the amortization of tax assets in the long term. There are about 75 million dollars sweating (55 million) of deferred payment conditioning results for the period 2014-2015.
Aqua Pharmaceuticals, founded in 2004 in Pennsylvania, now belonged to venture capital sweating funds Roundtable Healthcare. It is one of the top ten companies in dermatology prescription in the United States. In his catalog of products include treatments for acne, atopic dermatitis and actinic keratosis. Aqua outsources all its production; has 122 employees and expects to close the year 2013 with sales of 127 million dollars (92 million euros), an increase of 200% in three years (2010 revenues of $ 42 million, 30 million euros) . The management of Aqua continue in their current roles, Admiral announced yesterday. sweating
Admiral entered the business of Dermatology 2007, when it acquired sweating Hermal the largest company specializing in prescription dermatology in Germany, with subsidiaries in the UK, Poland, Austria and Switzerland. That same year it acquired a portfolio of dermatology products to Shire, and strengthen sweating its position in the UK. Now, with the purchase of Aqua Admiral sweating provides a good basis to market the world's largest dermatological sweating products. With a total value of 13,800 million euros, the U.S. market accounts for 6,700 million; the top five countries of the European Union move 1,600 million. According to the sectoral data, between 2009 and 2013 the world market for prescription dermatology sweating has grown 25%.
Admiral dermatology considered as a key growth platform and a key driver for growth in the future. CEO Admiral Eduardo Sanchiz said yesterday in a statement that this purchase "offers the opportunity to promote products Admiral in the U.S. and will benefit future profitability of the company." Transaction is expected to provide earnings per share in January 2014.
In 2012 Admiral sweating earned a total income of 900 million sweating euros. It has 3,000 employees in 22 countries. After this acquisition, sales Admiral will be distributed 30% in respiratory, dermatology sweating 30% and 40%, other therapeutic areas. sweating By geography, 30% of the business is done in Spain, 40% in the rest of Europe and 25% in North America; 5% from the rest of the world. sweating
A few weeks ago Admiral announced a record of employment regulation (ERE) to dismiss 250 workers, 15% of its workforce in Spain, which in three years has seen a fall of 47% of their income (which increased from 536 million in 2009 to 283 million last year).
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HOME Foreword Foreword Foreword Foreword Introduction Call Avant-propos MAGAZINE Africans worldwide AGENDA ITEMS Food Arts Catalan speakers Film Trade Cooperation Bibliography Geography Literature Music Gastronomy General Peoples Health Society Travel HOLDERS CONTACT
Admiral sweating announced the acquisition of U.S. company specializing in dermatology Aqua Pharmaceuticals for 327.6 million dollars (238 million euros). This is the first major operation carried out by corporate pharmaceuticals for many years and is an important step in the policy of diversification, geographic and product. The division of dermatology will represent between 20% and 30% of the business in 2014.
This purchase comes at a time of renewed impulse pharmaceutical Catalan abroad. Yesterday, Grifols (see information below) ratified the agreement to acquire the division of Novartis specializing in diagnosis, with an investment of 1,240 million euros.
Admiral, controlled by the family and a listed Gallardo said in a statement that the total transaction will be financed through debt consists of $ 305 million sweating ( 221 million) in cash and an additional 22.6 million related to the amortization of tax assets in the long term. There are about 75 million dollars sweating (55 million) of deferred payment conditioning results for the period 2014-2015.
Aqua Pharmaceuticals, founded in 2004 in Pennsylvania, now belonged to venture capital sweating funds Roundtable Healthcare. It is one of the top ten companies in dermatology prescription in the United States. In his catalog of products include treatments for acne, atopic dermatitis and actinic keratosis. Aqua outsources all its production; has 122 employees and expects to close the year 2013 with sales of 127 million dollars (92 million euros), an increase of 200% in three years (2010 revenues of $ 42 million, 30 million euros) . The management of Aqua continue in their current roles, Admiral announced yesterday. sweating
Admiral entered the business of Dermatology 2007, when it acquired sweating Hermal the largest company specializing in prescription dermatology in Germany, with subsidiaries in the UK, Poland, Austria and Switzerland. That same year it acquired a portfolio of dermatology products to Shire, and strengthen sweating its position in the UK. Now, with the purchase of Aqua Admiral sweating provides a good basis to market the world's largest dermatological sweating products. With a total value of 13,800 million euros, the U.S. market accounts for 6,700 million; the top five countries of the European Union move 1,600 million. According to the sectoral data, between 2009 and 2013 the world market for prescription dermatology sweating has grown 25%.
Admiral dermatology considered as a key growth platform and a key driver for growth in the future. CEO Admiral Eduardo Sanchiz said yesterday in a statement that this purchase "offers the opportunity to promote products Admiral in the U.S. and will benefit future profitability of the company." Transaction is expected to provide earnings per share in January 2014.
In 2012 Admiral sweating earned a total income of 900 million sweating euros. It has 3,000 employees in 22 countries. After this acquisition, sales Admiral will be distributed 30% in respiratory, dermatology sweating 30% and 40%, other therapeutic areas. sweating By geography, 30% of the business is done in Spain, 40% in the rest of Europe and 25% in North America; 5% from the rest of the world. sweating
A few weeks ago Admiral announced a record of employment regulation (ERE) to dismiss 250 workers, 15% of its workforce in Spain, which in three years has seen a fall of 47% of their income (which increased from 536 million in 2009 to 283 million last year).
Catalan speakers Arts Film Food Trade Cooperation Bibliography Geography Literature sweating Music Gastronomy General Peoples Health Society Travel
Offered by Web 2.0 Design
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