Zentiva acquires UK maker of generics

1 April 2019

In a second acquisition this year, Czech Republic-based generics drugmaker Zentiva Group announced it has bought Creo Pharmaceuticals in the UK, a subsidiary of Amneal Pharmaceuticals (NYSE: AMRX).

Nick Haggar, chief executive of Zentiva stated: "Zentiva is delighted to confirm the acquisition of Creo Pharma which will strengthen Zentiva's position in the UK. This move reflects our confidence in the UK and our deep commitment to the development, manufacture and supply of high-quality affordable medicines. We welcome the Creo Pharma team who have a strong reputation for providing high-quality services to their customers."

Amneal’s shares moved up 1.13% to $14.33 soon after markets opened this morning.

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