Clinigen in takeover talks with niche drugmaker

County Durham drugmaker Quantum Pharma has confirmed that it is in talks with Burton pharma giant Clinigen about a takeover.

Clinigen has until 13 September to make an offer for the smaller Quantum business, which today told its shareholders it had received a proposal for a cash and shares offer, but, according to reports, said the proposal was non-binding, with “no certainty that an offer will be made.”

This morning (17 August), Clinigen confirmed to the London Stock Exchange that it had made an indicative proposal for the takeover of Quantum.

Last month, Clinigen said its profits are expected to rise by 22% for the year-ending 30 June.

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