All change at Galenica with split, IPO and name change
The Galenica Group (SIX: GALN) as it was has ceased to exist on a day of wholesale change at one of the biggest names in Swiss healthcare.
Galenica Santé (SIX: GALE.S), a provider of health, beauty and wellbeing products and services, has been created in a split from the drugmaking side, which will be called Vifor Pharma Group.
Around 1.9 billion Swiss francs ($1.9 billion) was raised by Galenica Santé in what Reuters has reported is Europe’s biggest initial public offering (IPO) this year, with the shares, priced at 39 francs each, several times oversubscribed.
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