Fresenius Kabi is acquiring a majority stake in biosimilars company mAbxience, and is acquiring infusion pump maker, Ivenix outright. The deals are set to be completed by mid-2022.
German injectable medicines specialist, Fresenius Kabi is acquiring 55% in mAbxience – a subsidiary of Spanish drugmaker Insud Pharma. Fresenius Kabi is paying €495 million (around US$550 million) upfront as well as undisclosed milestone payments. It has also been announced that there will be the option to buy remaining shares.
This acquisition will enhance Fresenius Kabi’s biosimilars capabilities, giving them two commercially available biosimilars (rituximab and bevacizumab) and a pipeline of several others in development. These are added to the company’s existing adalimumab and pegfilgrastim that have been developed and approved in some regions [1-5], and tocilizumab and others in various stages of development. The deal also comes with three biomanufacturing facilities, two in Spain and one in Argentina and a contract development and manufacturing (CDMO) network.
Fresenius Kabi is also acquiring US infusion therapy company Ivenix for US$240 million, split between upfront and milestone payments. They will then own Ivenix’s FDA approved smart infusion system which has an innovative smartphone-like digital interface designed to reduce infusion-related errors and drive down costs. This can be conveniently paired with Fresenius Kabi’s range of intravenous fluids and infusion devices.
These acquisitions have been made to support the company’s ‘Vision 2026’ plan for expanding its medtech and biopharmaceutical capabilities.
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References
1. GaBI Online - Generics and Biosimilars Initiative. EMA recommends approval of teriparatide and pegfilgrastim biosimilars [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Apr 15]. Available from: www.gabionline.net/biosimilars/news/ema-recommends-approval-of-teriparatide-and-pegfilgrastim-biosimilars
2. GaBI Online - Generics and Biosimilars Initiative. Canada approves five adalimumab biosimilars in last six months [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Apr 15]. Available from:
www.gabionline.net/biosimilars/news/Canada-approves-five-adalimumab-biosimilars-in-last-six-months
3. GaBI Online - Generics and Biosimilars Initiative. Latest launches for adalimumab biosimilarsin Canada and Japan [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Apr 15]. Available from:
www.gabionline.net/biosimilars/news/Latest-launches-for-adalimumab-biosimilars-in-Canada-and-Japan
4. GaBI Online - Generics and Biosimilars Initiative. Fresenius Kabi’s pegfilgrastim biosimilar accepted for review by EMA and FDA [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Apr 15]. Available from:
www.gabionline.net/biosimilars/news/Fresenius-Kabi-s-pegfilgrastim-biosimilar-accepted-for-review-by-EMA-and-FDA
5. GaBI Online - Generics and Biosimilars Initiative. Adalimumab biosimilar Idacio launched in Germany [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Apr 15]. Available from:
www.gabionline.net/biosimilars/news/Adalimumab-biosimilar-Idacio-launched-in-Germany
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