ROVI announces the acquisition of an injectable drug product manufacturing site in Phoenix, Arizona (USA)


Laboratorios Farmacéuticos Rovi, S.A. announces that ROIS Phoenix Inc. (the “Buyer”), a wholly owned subsidiary of ROVI Pharma Industrial Services, S.A.U., has entered into an Asset Purchase Agreement with Bristol Myers Squibb (“BMS”) for the acquisition of a drug manufacturing facility located in Phoenix, Arizona (United Stated of America) (the “Facility”) together with a series of assets and liabilities related thereto (the “Transaction”).

As part of the Transaction, the Buyer has entered into a Toll Manufacturing Agreement with BMS, which regulates the conditions under which the Buyer will continue to manufacture products for BMS at the Facility. The agreement has an initial term of five years from the closing of the Transaction and provides for a minimum payment of 50 million dollars for each year of the contract.

The acquisition of the Facility will be made for a price which is not material for ROVI and will be subject to the fulfilment of certain customary conditions precedent set out for this type of transaction. The completion of the Transaction is expected to take place during the first half of 2026.

You can access the replay of the call by clicking here: 

ROVI Corporate Communication

No votes yet
 
Relacionados
ROVI reports operating revenue growth of 23% and EBITDA growth of 68%
  Los ingresos operativos aumentaron un 23%, hasta alcanzar los 101,0 millones de euros en el primer trimestre de 2020, como...
8 min
13/05/2020
ROVI signs a co-operation agreement for a clinical trial to study the efficacy and safety of bemiparin in patients hospitalised with pneumonia caused by COVID-19
Laboratorios Farmacéuticos Rovi, S.A. (“ROVI”) ha firmado un convenio de colaboración con la Fundación de Investigación HM Hospitales para...
2 min
14/04/2020
ROVI informs on the impact of Covid 19 on the company’s activities
Laboratorios Farmacéuticos ROVI, S.A. (ROVI), informa de que desde el inicio de la propagación del Covid-19, la compañía está ejecutando...
7 min
02/04/2020