Vectura Limited Pays A Whopping $181 Million For Activaero
Vectura Group Plc.(VEC.L) announced the acquisition of Activaero GmbH for a total consideration of 130 million euros or 108 million pounds to be funded through a combination of existing cash and equity. Activaero is a private German pharmaceutical company focused on the development of products for the treatment of respiratory diseases. Its proprietary smart nebuliser-based technology (FAVORITE) allows drug deposition into targeted areas of the lung and is currently utilised in seven clinical and several preclinical stage programmes.
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