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Home Industry News Martindale Pharma to be acquired by Ethypharm

Martindale Pharma to be acquired by Ethypharm

25th January 2017

Martindale Pharma is to be acquired by Ethypharm, an independent pharmaceutical company with a global presence.

Ethypharm has chosen to purchase the British company to reinforce its presence in the UK, with the combined group to benefit from a broader geographical reach and enhanced manufacturing capabilities for products such as solid dose, injectable and oral liquid therapies.

Post-merger, the new-look company will be able to deliver revenues of more than 300 million euros (255.65 million pounds), with leading positions in the fields of emergency care, pain and addiction.

Michael Harris, chief executive officer of Martindale Pharma, said: "The combination of Ethypharm and Martindale enables us to create a leading company in the fields of emergency care, pain and addiction."

Ethypharm currently employs 950 people, primarily in France, where it operates an innovation centre and two high-quality manufacturing sites. The firm expects the addition of Martindale's expertise and talents to help accelerate its international growth.

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