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Alliance Pharma wants to do 'more of the same' after Novartis deal

John Dawson, CEO of Alliance Pharma (LON:APH), explains to Proactiveinvestors that the deal to acquire 100% of the obstetric drug Syntometrine from Swiss giant Novartis is consistent with the company's strategy of acquiring well-established products that have good, steady cash flow. John says that the deal adds extra volume, extra sales, extra margins and flows down to profit ' very nicely'. The deal also takes APH into new territories. The US$11.5mln purchase price still leaves the company with access to £10mln in funds from its bank to pay for future deals.

Quick facts: Alliance Pharma PLC

Price: 62.8 GBX

Market: AIM
Market Cap: £332.81 m

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Full interview: Alliance Pharma delivers 'solid' first-half performance with...

Alliance Pharma PLC's (LON:APH) Peter Butterfield discusses with Proactive London's Andrew Scott the firm's interim results and says they delivered a solid first-half performance. Revenues for the period were £70.3mln, up 28% on a constant currency basis, or an organic 10% if the...

on 4/10/19

2 min read