LEO Pharma sells portfolio of 10 products for 260 million euros

1 March 2018

Denmark’s LEO Pharma has sold a product portfolio of 10 products to Swedish firm Karo Pharma (KARO: STO) for 260 million euros ($320 million).

This is a result of the company’s 2025 strategy which increases the focus on new innovative solutions for medical dermatology and no longer pursue over-the-counter (OTC) in most markets. T

News of the transaction, which is expected to close on April 4, 2018, sent Karo Pharma’s share up 3.6% to 31.65 Swedish kronor by close of trading today.

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