MedWatch

Pharmacosmos sees big potential in million-dollar acquisition

Family-owned Pharmacosmos wants to grow, which is why the company has paid up to USD 225m for US-based Abfero Pharmaceuticals last week, also acquiring its lead candidate SP-420 that Pharmacosmos says has a promising future ahead.

Photo: Pharmacosmos / PR

Pharmacosmos took out the the big checkbook last week, when the family-owned company, which is based in Denmark, acquired the privately owned Boston-based business Abfero Pharmaceuticals.

The price tag may end up as much as USD 225m – when combining up-front and milestone payments, royalties, and more. The US-based company works within iron overload therapy, which is also the focus of Pharmacosmos, but the agreement's details are being kept under wraps.

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