UK pharma group Vectura agrees $1.four billion takeover by Carlyle

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Vectura Group, a British pharmaceutical company centered on inhaled medicines, mentioned on Wednesday it had agreed a 958 million pound ($1.36 billion) takeover by international funding agency The Carlyle Group.

Shareholders will obtain 136 pence in money plus a dividend of 19 pence for every share underneath the phrases of the supply, representing a 32% premium on the ex-dividend closing value of the inventory on Tuesday, Vectura mentioned. Vectura’s Chairman Bruno Angelici mentioned the corporate had made robust progress since embarking on a technique in 2019 to grow to be a number one inhalation-focused CDMO, or contract improvement and manufacturing organisation.

He mentioned that whereas the board remained assured within the fundamentals of the group and its technique, the “enticing supply” secured future worth for shareholders in money at present.

Vectura has 13 key inhaled and 11 non-inhaled merchandise marketed by companions with international royalty streams, and a various partnered portfolio of medicine in clinical development.

Its companions embrace Novartis, GSK, Bayer, Chiesi, Almirall, and Tianjin KingYork. ($1 = 0.7067 kilos) (Reporting by Paul Sandle; Modifying by Kate Holton)



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