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Mercury Pharma sold to Cinven

London-based private equity group Cinven have taken over British pharmaceutical company Mercury Pharma in a deal equivalent to around EUR 590m. The company sells unpatented medical products including painkillers, anti-psychotics and anaesthetic agents. The seller  is...

Michael Lüning leaves rehaVital

Hamburg health service provider rehaVital GmbH have parted company with their CEO Michael Lüning. The decision was made in accordance with the regulations of the Bundesaufsichtsamt für Finanzdienstleistungen (BaFin), which define specific requirements for those in...

Walgreens-Boots: Merger Approved

Competition authorities have approved the merger of American pharmacy chain Walgreens and British pharmaceutical wholesaler Alliance Boots. Walgreens may thus take a 45% stake, equating to $4bn, of Boots. As part of the merger, Boots boss Stefano Pessina and Dominic...