
German active pharmaceutical ingredients company Medac, specializing in therapeutic solutions for oncology, rheumatology, urology and hematology, today announced the acquisition of Biotech Pharma, based in Dubai.
Following this acquisition, medac will establish its own entity, medac pharma LLC, that will be managed and operated by the experienced Biotech Pharma team. No financial terms were disclosed.
“The establishment of medac pharma LLC marks a major milestone in our journey towards deeper regional integration,” said Frank Lucaßen, chef executive at medac.
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