Fresenius Kabi sells German oncology compounding business
Fresenius Kabi, a unit of the Germany-headquartered Fresenius Group (FRE: Xetra), has sold its German subsidiary CFL GmbH to NewCo Pharma GmbH, a compounding company founded last month by pharmacist Michael Schill.
Both companies specialize in intravenous (IV) oncology drug compounding. Fresenius Kabi will remain active in compounding. In Germany, the focus will be on parenteral nutrition products, an area that offers attractive growth opportunities.
In 2014, CFL had sales of 77 million euros ($87.8 million). Financial terms of the transaction were not disclosed.
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