Acquisition of Acton Pharmaceuticals completed
On August 30th, 2013, Meda announced the acquisition of Acton Pharmaceuticals, Inc. and its proprietary product Aerospan. The acquisition has now been completed. The purchase price for Acton amounted to 135 MUSD, on a cash and debt free basis. In addition, there is a milestone payment of 10 million USD and royalty based milestones.
About Aerospan
Aerospan (flunisolide HFA, 80 mcg) is approved by the U.S. Food and Drug Administration (“FDA”) for the treatment of asthma in adult and pediatric patients 6 years of age and older. Aerospan is the first and only product registered in the US market with a built-in inhalation chamber (called a “spacer”) which assists in the delivery of the medicine to the lungs.
"Aerospan gives us a unique opportunity to expand our product portfolio in one of our focus areas - Respiratory. We will generate interesting marketing synergies with Aerospan, especially in the world's biggest pharmaceutical market, the US", says Dr. Jörg-Thomas Dierks, CEO of Meda AB. "This is an important contribution to Meda's effort to strengthen our global position in the Respiratory area".
For further inquiries, please contact:
Anders Larnholt, Vice President Corporate Development & IR ph: 46 709-458 878
Paula Treutiger, Investor Relations ph: 46 733-666 599
MEDA AB (publ) is a leading international specialty pharma company. Meda’s products are sold in more than 120 countries worldwide and the company is represented by its own organizations in over 55 countries. The Meda share is listed under Large Cap on the Nasdaq OMX Nordic Stock Exchange in Stockholm. Find out more, visit www.meda.se.
Forward-looking Statements
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