Altacor growth to accelerate after acquisition by Esperante
The private, Netherlands-based life science investment company Esperante says it has completed the acquisition of Altacor, a UK specialty ophthalmology company. Financial terms were not disclosed.
Esperante is the investment arm of the C&P Group, a global, privately-owned group of life science businesses including Nordic Pharma, a fully-integrated, pan-European pharmaceutical and services company, PolyPeptide Laboratories, a global peptide bulk drug actives producer and Euro-Diagnostica, a European-based immunology in vitro diagnostics business.
Altacor had previously been an acquisition target for French biotechnology firm NicOx (NYSE Euronext Paris: COX), but its board of directors decided not to exercise the company’s option to acquire the company for a total consideration of around £11 million ($18.7 million).
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