Zentiva expects the acquisition to bolster its footprint in the UK. Credit: Lovecz.

Zentiva Group, a healthcare firm headquartered in Czech Republic, has acquired Creo Pharmaceuticals, a subsidiary of US-based Amneal Pharmaceuticals.

Financial details of the transaction have not been disclosed.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Founded in 2007, Creo Pharmaceuticals operates as a UK unit of Amneal and is responsible for commercial operations in the country.

Amneal made an undisclosed strategic investment in Creo Pharmaceuticals in 2013.

Creo was established to offer supply partners with direct marketing access to generics market in the UK. The company supplies drugs to the wholesale, pharmacy and hospital sectors.

The divestiture of Creo Pharmaceuticals forms part of Amneal’s strategy to better focus on the US market.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“This transaction will permit Amneal to concentrate management time and resources to support its continued focus on strengthening its growing position in the US market.”

Amneal Pharmaceuticals president and CEO Rob Stewart said: “We believe that the value created by our commercial operations in the UK will be better maximised by Zentiva, which will gain additional products and enhanced competitive market share position as a result of this transaction.

“This transaction will permit Amneal to concentrate management time and resources to support our continued focus on strengthening our growing position in the US market.”

Zentiva expects the acquisition to bolster its footprint in the UK and enable medicines supply, while Creo Pharmaceuticals expects the deal to drive its growth.

Zentiva CEO Nick Haggar said: “This move reflects our confidence in the UK and our deep commitment to the development, manufacture and supply of high-quality affordable medicines.”

The Czech firm focuses on providing generics and OTC drugs to patients across Europe. It employs a total of 2,500 people and operates two production sites in Europe.

Amneal develops, manufactures and distributes generic, brand and biosimilar medicines.  The company has nearly 6,500 employees across North America, Asia and Europe.