Riemser Pharma acquires French drugmaker Keocyt
German specialty pharmaceutical company Riemser Pharma (formerly Riemser Arzneimittel) said today that it has acquired privately-held French specialty pharmaceutical company Keocyt. Financial terms of the deal were not disclosed.
With this acquisition, Riemser says it has reached another important milestone of its international growth strategy and significantly strengthens its position on the French and neighboring Southern European markets.
Keocyt brings to market pharmaceutical products that are applied in the treatment of rare diseases, especially in cancer therapy and neurology. The Paris based company was founded in 2007 by two former employees of Pfizer and markets the drugs Zanosar (streptozocin), Estracyt (estramustine), Prodilantin and Dilantin (fosphenytopne) used for the treatment of certain pancreatic endocrine tumors, prostate cancer and status epilepticus, respectively.
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