Medicure ups stake in Apicore

11 July 2017

Medicure (TSXV: MPH), a Canadian specialty pharma focused on the development and commercialization of therapeutics for the US hospital market, has exercised an option to snap up additional interests in Apicore, the New Jersey-based API developer and manufacturer.

The option exercise allows for the acquisition of all of the shares held by Apicore’s founding shareholders - representing approximately 32% of the fully diluted ownership - for $24.5 million.

This acquisition brings Medicure's ownership in Apicore to approximately 98%, or 94% on a fully-diluted basis.

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