Express Pharma

Recipharm acquires Lusomedicamenta

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Recipharm has acquired Lisbon-based Contract Development and Manufacturing Organisation (CDMO) Lusomedicameta Sociedade Técnica Farmacêutica. The combined entity will enhance Recipharm’s scale and profitability.

Limited customer overlap and significant export activities from Lusomedicamenta, will give Recipharm access to new markets and customers. Lusomedicamenta has an attractive and competitive cost structure, whilst located in the EU, and manufacturing operations well in line with international regulatory requirements. Lusomedicamenta will contribute to Recipharm’s Intellectual Property (IP) backed manufacturing business as 30 per cent of sales relate to IP rights including own marketing authorisations, mainly in the Portuguese market. The deal is already accretive to Recipharm’s profitability and EPS from Q1 2015.

Commenting on the acquisition, Thomas Eldered, Chief Executive Officer, Recipharm said, “Th