Cinven snaps up Amdipharm for £367 million

15 October 2012

Channel Islands-based private equity firm Cinven has reached agreement to acquire UK-based niche generic drugmaker Amdipharm from Vijay and Bhikhu Patel, the Indian billionaires behind Waymade, the global pharmaceutical company, in a deal valuing Amdipharm at £367 million ($590.4 million).

Amdipharm specializes in acquiring products from leading pharmaceutical companies that serve essential medical needs. These products, which come from leading pharmaceutical companies including Abbott, Roche and Novartis, are used to treat a variety of critical medical conditions, including Parkinson’s disease, migraines, hypertension and bacterial infections.

Amdipharm will be merged with Mercury

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK