AmerisourceBergen throws down practically $1.3B money for German life sciences firm – Endpoints Information

Amerisource­Ber­gen earned a whop­ping $60.1 bil­lion final quar­ter, thanks partly to its dis­tri­b­u­tion of gov­ern­ment-owned Covid deal with­ments. Now it’s time to rein­vest a few of that money.

The phar­ma­ceu­ti­cal dis­trib­u­tor is plunk­ing down $1.28 bil­lion to ac­quire Phar­maLex, a Ger­man life sci­ences com­pa­ny that boasts a variety of con­sult­ing and sup­port ser­vices from clin­i­cal de­vel­op­ment to post-launch, the com­pa­nies an­nounced on Mon­day.

Whereas the deal like­ly received’t shut un­til March 2023, CEO Steven Col­lis is al­prepared an­tic­i­pat­ing the ex­pan­sion of the com­pa­ny’s Eu­ro­pean foot­print. Phar­maLex is predicated in Ger­many, however holds of­fices by way of­out Eu­rope, Asia, and within the US, Aus­tralia and Brazil, ac­wire­ing to the com­pa­ny’s net­web site.

“Amerisource­Ber­gen is com­mit­ted to construct­ing on our lead­er­ship in spe­cial­ty ser­vices by way of a con­tin­ued fo­cus on in­no­va­tion and half­ner­ships, and by ac­quir­ing Phar­maLex, we can fur­ther en­hance our val­ue propo­si­tion to phar­ma­ceu­ti­cal man­u­fac­tur­ers, from emerg­ing biotechs to glob­al bio­phar­ma­ceu­ti­cal lead­ers,” Col­lis mentioned in a information re­lease.

Phar­maLex can be swal­lowed by Amerisource­Ber­gen’s In­ter­na­tion­al Well being­care So­lu­tions seg­ment. Amerisource­Ber­gen was not im­me­di­ate­ly avail­in a position for an in­ter­view.

The com­pa­ny’s US rev­enue reached $53.4 bil­lion final quar­ter, up 6% from the identical pe­ri­od final 12 months. The com­pa­ny has sup­port­ed a hand­ful of Covid deal with­ments, in­clud­ing Eli Lil­ly’s an­ti­physique bam­lanivimab, Gilead’s an­tivi­ral Vek­lury, and Mer­ck and Ridge­again’s mol­nupi­ravir.

Phar­maLex isn’t Col­lis’ on­ly large pur­chase in re­cent years. Final June, Amerisource­Ber­gen closed on a $6.275 bil­lion deal for Wal­greens Boots Al­liance’s Al­liance Well being­care busi­ness. Lat­er that 12 months, the com­pa­ny un­veiled its new 429,000-square-foot glob­al head­quar­ters in Con­shohock­en, PA.

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