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Achi news desk-
The pharmaceutical company Apotex Inc. Signed a deal to purchase Searchlight Pharma Inc.
Financial terms of the deal were not immediately available.
Apotex CEO Alan Oberman says Searchlight has a proven track record, deep institutional knowledge and a portfolio of innovative branded products and strong expertise.
As part of the agreement, Searchlight will become a division of Apotex.
The companies say Searchlight’s headquarters will remain based in Montreal and Apotex’s operations will expand in Quebec.
The deal is subject to customary regulatory conditions and is expected to close in the second quarter of this year.
— This Canadian Press report was first published on April 2, 2024.
