) will be careful about buying businesses and companies outright, and for now will focus mainly on striking production and development deals with partners, the company’s chief executive told Reuters.
The company, majority owned by buyout firms Bain and Cinven since 2017, sells consumer healthcare products such as painkillers, sunscreen lotions as well as biosimilar and generic drugs, which are cheaper copies of established pharmaceuticals that have lost patent protection. Stada is expected to be among the suitors for a portfolio of drugs for sale in western Europe that Japan’s Takeda Pharmaceutical is divesting to trim its debt following the $59 billion purchase of Shire, sources close to the matter told Reuters last month.
The generic drugmaker on Wednesday reported an increase in adjusted earnings before interest, taxes, depreciation and amortization of 13% to 295 million euros during the fist half.
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