Celltrion acquires Swiss firm iQone Healthcare
South Korean biosimilars company Celltrion (Kosdaq: 068270) today announced its acquisition of iQone Healthcare Switzerland a specialty pharmaceutical company focused on distribution, sales, and marketing in Switzerland.
The acquisition, expected to close by the end of 2024, represents a significant milestone in Celltrion’s European expansion strategy. Upon completion, iQone Healthcare - which has acted as Celltrion’s distributor for a number of years, will become a wholly-owned subsidiary of Celltrion Healthcare Hungary Kft. The deal will also provide Celltrion with access to in-licensing opportunities, further strengthening its pipeline of innovative therapies.
The acquisition, valued at approximately 30 billion won ($21 million), is expected to enhance operational efficiency and marketing synergies.
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