Vectura to buy Germany’s Activaero for 130 million euros

14 March 2014

UK developer of inhaled therapies Vectura (LSE: VEC) says it is acquiring privately-held German company Activaero for a total consideration of 130 million euros ($180 million) in cash and shares.

Activaero is focused on the development of products for the treatment of respiratory diseases. Its proprietary smart nebulizer-based technology (FAVORITE) allows drug deposition into targeted areas of the lung and is currently utilised in seven clinical and several preclinical stage programs.

Vectura itself has been viewed as a takeover target for Swiss drug major Novartis (NOVN: VX), with which it is partnered on a number of respiratory drugs using the UK firm’s delivery technology.

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