Hikma bets on booming injectables market with new US division
London-listed Jordanian drugmaker Hikma Pharmaceuticals (LSE: HIK) has launched a new outsourced sterile compounding business, called Hikma 503B.
The unit will focus on providing high quality, ready-to-administer injectable medications, customized for the US market.
The company has spied an opportunity stemming from the growing demand for such medications from hospital pharmacists, physicians and nurses.
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