Pharmaceutical group in £120m double swoop

Shaun Chilton, Clinigen
Pharmaceutical group Clinigen has spent £120m on a double acquisition of European healthcare companies. The Burton-based company plans to raise up to £80m in a share placing to part-fund the takeovers. It has paid an initial $150m (£114m) for CSM Parent, a specialist provider of packaging, labelling, warehousing and distribution services based in Europe and the US. The deal value could increase by a further $90m (£69m) if agreed targets are met. Clinigen has also bought Swiss-based iQone Healthcare Holding for $7.5m (£6.... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...