Hikma Pharmaceuticals
Company type | Public |
---|---|
Industry | Pharmaceutical |
Founded | 1978 Jordan |
Founder | Samih Darwazah |
Headquarters | London, England, UK |
Key people |
|
Products | Amoclan Prograf Suprax |
Revenue | US$2,875 million (2023)[1] |
US$707 million (2023)[1] | |
US$192 million (2023)[1] | |
Number of employees | 8,800 (2024)[2] |
Website | www |
Hikma Pharmaceuticals plc is a British multinational pharmaceutical company with headquarters in London, UK that manufactures non-branded generic and in-licensed pharmaceutical products. It was founded by Samih Darwazah in Amman, Jordan in 1978. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
History
[edit]The company was founded in 1978 by Samih Darwazah in Amman, Jordan.[3] In August 1996 it became the first Arab company to export pharmaceutical products to the United States.[4] It was first listed on the London Stock Exchange in 2005.[3] Recent acquisitions include Instituto Biochimico Pavese Pharma in Italy in 2005[5] and Jazeera Pharmaceutical Industries in Saudi Arabia in 2006.[3] In 2007 the company went on to buy APM in Jordan,[6] Alkan Pharma in Egypt, APM and Al Jazeera Pharma in Saudi Arabia,[6] Thymoorgan in Germany,[3] and Ribosepharm in Germany.[3] It started to acquire Baxter Healthcare Corporation's US generic injectables business, Multi-Source Injectables or MSI, and completed the transaction in May 2011.[7]
In October 2011, Hikma Pharmaceuticals entered the Moroccan market through the acquisition of Promopharm, the ninth largest pharmaceutical manufacturer in Morocco.[8] Hikma also inaugurated the Al Dar Al Arabia Pharmaceutical Manufacturing Company in Algeria in 2011. The Algerian pharmaceutical company is Hikma’s second venture in Algeria after Hikma Pharma Algeria.[9]
In 2011 the company won the ICSA / Hermes Transparency in Governance Award for the best audit disclosure for a FTSE 250 company.[10]
Hikma expanded its existing presence in the Egyptian market through the acquisition of the Egyptian Company for Pharmaceuticals and Chemical Industries (EPCI) in 2012.[11] In September 2013, Hikma announced expansion into Sub-Saharan Africa with a 50:50 joint venture agreement with MIDROC Pharmaceuticals Limited, to enter the Ethiopian pharmaceutical market.[12]
On 28 May 2014, Hikma Pharmaceuticals agreed to acquire assets from the U.S. generic injectable drugs business of Germany's Boehringer Ingelheim for up to $300 million, boosting its presence in the injected medicine market.[13]
In June 2020, Boehringer announced it would sell off part of its stake in London-listed Hikma Pharmaceuticals (28 million out of a 40 million share holding) for around $800 million.[14]
Operations
[edit]Hikma Pharmaceutical’s operations span 29 manufacturing plants in 10 countries: United States, Portugal, Italy, Jordan, Saudi Arabia, Algeria, Germany, Egypt, Morocco, and Tunisia.[15]
Business segments
[edit]Branded
[edit]Hikma’s branded business segment comprises the development and sales of branded generics and in-licensed patented products in the MENA region. Hikma has 499 products in 1,256 dosage strengths. Top products include Actos, Amoclan, Blopress, Omnicef, Prograf, and Suprax.[16]
Injectables
[edit]Hikma sells specialized injectable products in the US, Europe and MENA including argatroban, fentanyl, phenylephrine, robaxin, and iron gluconate. The company sells 200 products in 379 dosage forms and strengths.[16]
Generics
[edit]Hikma’s oral generic products are sold in the US and include such products as amoxicillin, cephalexin, doxycycline, methocarbamol, and prednisone.[16]
See also
[edit]References
[edit]- ^ a b c "Preliminary Results 2023" (PDF). Hikma Pharmaceuticals. Retrieved 22 February 2024.
- ^ "Hikma in the US". Hikma Pharmaceuticals. Retrieved 11 February 2024.
- ^ a b c d e "Our History". Hikma Pharmaceuticals. Archived from the original on 25 July 2010.
- ^ "Economy - Sectoral Analysis". kinghussein.gov.jo. Retrieved 6 March 2015.
- ^ "Jordanian Pharma Major Buys Into An American Healthcare Startup". INC Arabia. 24 October 2016. Retrieved 18 April 2017.
- ^ a b "Hikma Annual Report 2007 Page 15" (PDF). Archived from the original (PDF) on 24 July 2008. Retrieved 14 September 2008.
- ^ "Hikma Pharmaceuticals Plc Completes Acquisition of Baxter Healthcare Corporation's Multi-Source Injectables Business". Reuters. Archived from the original on 18 October 2012. Retrieved 3 May 2011.
- ^ Hikma Pharmaceuticals PLC (3 October 2011). "Hikma Enters the Moroccan Market Through the Acquisition of 63.9% of Promopharm and... -- LONDON, October 3, 2011 /PRNewswire/ --". prnewswire.com. Retrieved 6 March 2015.
- ^ "Hikma expands in Algeria with Al Dar Al Arabia acquisition". Manufacturing Chemist. 15 April 2011. Retrieved 18 April 2017.
- ^ "Login - Evaluate". evaluatepharma.com. Retrieved 6 March 2015.
- ^ "Hikma expands in Egypt with EPCI acquisition". pmlive.com. 10 January 2013. Retrieved 6 March 2015.
- ^ "Hikma sets up JV to enter Ethiopia". PharmaTimes. 18 September 2013. Retrieved 18 April 2017.
- ^ "Hikma buys Boehringer injectable drugs business for up to $300 mln". Reuters. 28 May 2014. Retrieved 6 March 2015.
- ^ "Hikma's major investor to exit nearly 1 billion pound stake in drugmaker". 22 June 2020. Archived from the original on 23 June 2020 – via uk.reuters.com.
- ^ "Our global presence". Retrieved 18 April 2017.
- ^ a b c "Products". Hikma Pharmaceuticals. Retrieved 18 April 2017.
External links
[edit]- British companies established in 1978
- Generic drug manufacturers
- Multinational health care companies
- Pharmaceutical companies of the United Kingdom
- Pharmaceutical companies established in 1978
- Manufacturing companies based in London
- Companies listed on the London Stock Exchange
- 2005 initial public offerings
- Companies in the FTSE 100 Index