Gedeon Richter buys BCI Pharma
Hungarian drugmaker Gedeon Richter (RICHT: HB) says it has acquired BCI Pharma, a Belgium-based privately-owned biotech company, carrying out innovative research activity in a variety of women’s health conditions.
The enterprise value implied by the transaction is 12 million euros ($12.9 million) payable over the next few years depending on achievement of development milestones.
Gedeon Richter noted that BCI identifies novel kinase inhibitors from its proprietary library of kinase inhibitors (small chemical molecules) and proprietary database derived from HTS (high-throughput Screening). Drug candidates are identified using state of the art screening assays versus clinically-validated biological targets.
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