Canadian drugmaker Apotex is said to weigh sale amid interest [Business News Network (BNN) Energy & Resources (Canada)]
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Source: Business News Network
Canadian drugmaker Apotex is said to weigh sale amid interest Apotex Inc. is exploring a sale as some major pharmaceutical companies and investors expressed interest in the closely held Canadian drugmaker, according to people familiar with the matter. Apotex is working with a financial adviser as it reviews options that may lead to a partial or full sale of the business, the people said. A sale of the whole company could fetch about US$3 billion, the people said, asking not to be identified because the deliberations are private. Sale considerations are preliminary and no final decision has been made on the details of the deal including its structure, the people said. A representative for Ontario-based Apotex didn’t respond to requests for comment. Founded in 1974, Apotex makes generic and innovative drugs and operates in more than 45 countries including the U.S., Mexico and India, according to its website. Last year, Apotex agreed to sell its commercial operations and certain infrastr
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