United Drug plc, an international provider of services to healthcare manufacturers and pharmaceutical retailers, announced Monday it has reached an agreement to acquire the UK and US clinical services businesses from Bilcare Limited for $61 million. Bilcare Limited will retain its clinical supplies business in Asia.
The UK and US clinical services businesses of Bilcare Limited, known as Bilcare Global Clinical Supplies, provides services to global pharmaceutical and biotech manufacturers and Clinical Research Organisations from facilities in the US and UK. The services include the formulation, development, packaging, labelling and supply chain management of drugs used in the clinical trials process.
United Drug said the Bilcare GCS business is complementary to its existing commercial packaging business and will form a part of its Packaging & Specialty division.
For comments and feedback: editorial@rttnews.com