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Hikma expands injectables capacity with acquisition of Xellia's US assets

PRIVATEJun 20, 2024

Acquiring Company

Hikma Pharmaceuticals

Acquired Company

Xellia

OhioDenmarkManufacturingBiotechnologyHealth CarePharmaceuticalManufacturing

Description

Hikma, a London-based generics maker, has agreed to acquire parts of Xellia's U.S. assets, including the manufacturing facility in Cleveland. The acquisition will bolster Hikma's U.S. injectable manufacturing capabilities and portfolio, adding significant scale to its operations and complex technologies. This strategic move is part of Hikma's commitment to enhancing its productivity, expanding into the CDMO business, and strengthening its position in the market.

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Company Information

Company

Hikma Pharmaceuticals

Location

Ohio, United States

About

Hikma Pharmaceuticals is a leading player in the U.S. generic drug market. The company specializes in the manufacturing of complex generics, particularly sterile injectables, aimed at addressing the growing demand for oncology and chronic-care drugs. With a significant expansion in Ohio, Hikma aims to solidify its position by leveraging AI-driven private markets for funding. The company is focused on producing over 12 billion doses annually by 2030.

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Frequently asked

Who acquired Xellia?

Xellia was acquired by Hikma Pharmaceuticals, based in Ohio. The deal was reported on June 20, 2024. Hikma Pharmaceuticals is a leading player in the U.S. generic drug market. Hikma Pharmaceuticals is privately held and operates in Manufacturing.

When did Hikma Pharmaceuticals acquire Xellia?

Hikma Pharmaceuticals's acquisition of Xellia was reported on June 20, 2024. Hikma, a London-based generics maker, has agreed to acquire parts of Xellia's U.S. assets, including the manufacturing facility in Cleveland. The acquisition will bolster Hikma's U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Xellia do?

Xellia is a Danish drugmaker with assets in the U.S. Its manufacturing facility in Cleveland features end-to-end capabilities to develop, manufacture, pack, and distribute lyophilized vials and aseptically filled ready-to-use IV bag products. It is privately held, operating in Manufacturing, and is based in Denmark.

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