logo
Share SHARE
FONT-SIZE Plus   Neg

United Drug To Acquire Synopia - Quick Facts

United Drug plc (UDG.L), an international provider of healthcare services, announced it has reached agreement to acquire the entire issued share capital of Synopia RX LLC for a total consideration of up to $12 million. United Drug said $3.2 million of the consideration is payable in cash on completion with an additional amount of up to $8.8 million payable after three years on achievement of agreed profit targets.

Based in North Carolina, USA, Synopia provides market access services to pharmaceutical and biotech manufacturers in the US market. Synopia will form part of United Drug Sales, Marketing & Medical division. The acquisition will be financed from United Drug's internal resources and existing debt facilities and is expected to be immediately accretive to earnings.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Zynga Inc. (ZNGA) on Thursday reported a first-quarter loss that narrowed from a year ago, reflecting an increase in revenues despite continued drop in user-base. Earnings for the quarter trumped analysts estimates, as did revenues, sending the company's shares up 13 percent in extended trading hours. San... Shares of Fitbit Inc. (FIT) slumped over 12 percent in extended hours trading after the maker of wearable technology reported a drop in first-quarter profit hurt largely by a surge in operating costs. The company also detailed a weak outlook for the second quarter. Fitbit's profit for the first-quarter... Twenty-First Century Fox Inc., (FOXA, FOX) on Wednesday reported a third-quarter profit that dropped from last year, as an increase in revenues were offset by higher operating costs. Earnings for the quarter came in line with Wall Street estimates, while revenues trumped expectations. Fox's third-quarter...
comments powered by Disqus
Follow RTT