Pharmaceutical Merger Mania Spreads to Australia
The pharmaceutical merger mania has now spread to Australia. It is reported that Sigma Pharmaceuticals will acquire Australian Pharmaceutical Industries for $422 US dollars.
I do find it interesting that the merger mania has expanded beyond what I considered to be the bounds; namely the US and Europe. I’m not up on the Australian pharmaceutical industry but this seems like it follows the lines of business development for Sigma since they merged with Arrow Pharmaceuticals Limited back in Dec 2005.
Other Resources
• Sigma Pharmaceuticals Limited Proposal to Australian Pharmaceutical Industries (pdf)
• Sigma proposes merger with API | Business | The Australian
Technorati Tags: pharma M&A, pharmaceutical deals, Sigma Pharmaceuticals
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