AmerisourceBergen To Buy Germany's PharmaLex Holding For EUR 1.28 Bln In Cash

RTTNews | 1083 dagar sedan
AmerisourceBergen To Buy Germany's PharmaLex Holding For EUR 1.28 Bln In Cash

(RTTNews) - AmerisourceBergen Corp. (ABC) announced Monday that it has signed a definitive agreement to acquire Germany's PharmaLex Holding GmbH, a leading provider of specialized services for the life sciences industry, from funds advised by AUCTUS Capital Partners AG for 1.28 billion euros in cash, subject to certain customary adjustments.

The transaction will advance AmerisourceBergen's role as partner of choice for biopharmaceutical manufacturers by enhancing AmerisourceBergen's global portfolio of solutions to support manufacturer partners across the pharmaceutical development and commercialization journey.

PharmaLex is a global team of scientific, regulatory, and safety and compliance (GxP) experts that provide strategic guidance and regulatory support to biopharma companies throughout a product's lifecycle.

The transaction is expected to close by March 2023 and is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals.

Upon closing, the acquisition of PharmaLex is expected to be approximately $0.15 accretive to AmerisourceBergen's adjusted earnings per share for the last seven months of its fiscal year 2023, which would contribute to AmerisourceBergen's previously disclosed fiscal year 2023 growth target from capital deployment.

read more
AmerisourceBergen Q3 Results Top Estimates

AmerisourceBergen Q3 Results Top Estimates

AmerisourceBergen Corp. (ABC) on Wednesday reported that net income attributable to the company for the third quarter surged to $406.96 million or $1.92 per share from $292.12 million or $1.40 per share in the prior-year quarter.
RTTNews | 1123 dagar sedan
AmerisourceBergen Boosts FY22 Outlook; Declares Dividend - Update

AmerisourceBergen Boosts FY22 Outlook; Declares Dividend - Update

While reporting financial results for the third quarter on Wednesday, AmerisourceBergen Corp. (ABC) raised its adjusted earnings guidance for the full-year 2022, driven by stronger than expected performance of several of its businesses and a lower average diluted share count.
RTTNews | 1123 dagar sedan
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 15h 28minuter sedan
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 18h 17minuter sedan
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 18h 46minuter sedan