Novo Acquires Xellia Pharmaceuticals for $700 Million

Source: PharmaManufacturing.com

May 22, 2013

PharmaTimes Online

Novo A/S, the holding company of Denmark's Novo Nordisk, has acquired Xellia Pharmaceuticals of Norway in a deal valued at $700 million.

Xellia was spun-out from Alpharma in 2008 and was principally owned by UK equity group 3i. It specializes on anti-infective products for multi-drug resistant infections and is "a world-leading supplier of vancomycin and colistimethate sodium." Read the full story
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