ALK takes risk over license revocation issue in acquiring new assets
Denmark-based allergy specialist ALK-Abelló (ALKB: DC) is to pay up to 238 million Danish kroner ($20 million) to acquire the activities and assets of Allergy Laboratories and Crystal Laboratory in a deal aimed at strengthening its US supply chain.
The two Oklahoma-based companies had previously been under the same private ownership. They produce allergen extracts and other material used in allergy immunotherapy treatments.
"As a world leader in allergy immunotherapy, ALK is well-placed to help resolve the license issue with the FDA"
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