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Opko Health Completes Buyout of Cytochroma

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Opko Health (NASDAQ: OPK  ) has completed the acquisition of the privately held pharmaceutical company Cytochroma. This move adds two key products to Opko's portfolio, Replidea (CTAP101) and and Alpharen (Fermagate). The former is a vitamin D prohormone, and the latter is a non-absorbed phostphate binder. Both are used in the treatment of secondary hyperparathyroidism, a glandular condition, and are in phase 3 of their development.

The acquisition was first reported in January. Terms of the deal were not disclosed. Opko Health has been on something of a buyout streak lately; in February it announced it had completed the purchase of Brazilian company Silicon Comercio, Importacao E Exportacao de Produtos Farmaceuticos e Cosmeticos.

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9/26/2016 4:00 PM
OPK $11.06 Down -0.03 -0.27%
Opko Health CAPS Rating: ***