EU/US: Fresenius in talks to buy Akorn

Fresenius, Europe’s biggest publicly traded health-care provider, said Friday that it’s in talks to buy US generic drugmaker Akorn.

While discussions are under way, there’s no certainty of a deal, said Fresenius, a maker of dialysis and medical products. The Germany-based company didn’t elaborate in a statement about the talks and a spokeswoman for Akorn declined to comment.

Akorn could complement Fresenius’s Kabi medicines division, which specializes in intravenous drugs, and accounts for about a fifth of the company’s revenue. Sturm said in February that the company could look at small-to-medium sized acquisitions to build up the business, and didn’t rule out larger deals.

Full Content: Bloomberg

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