The transaction, which has been unanimously approved by both companies’ Boards of Directors, further advances CSL’s 2030 strategy to create value by adding a high- growth, cash generative and sustainable business which complements and expands the global leadership positions of CSL’s two business units, CSL Behring and Seqirus.
“Vifor Pharma enhances CSL’s patient focus and ability to protect the health of those facing a range of rare and serious medical conditions. It brings an outstanding team and a leading portfolio of products across Nephrology, Dialysis and Iron Deficiency therapies and a proven partnering and business development and licensing strategy. Vifor Pharma will also expand our presence in the rapidly growing nephrology market, while giving us the opportunity to leverage our complementary scientific expertise” said Paul Perreault, Chief Executive Officer and Managing Director of CSL.
nephrology market would appear not to be growing as rapidly as anticipated; which is probably a good thing unless you own CSL shares. Although back in 2021 CSL was already talking up the acquisition as part of a 2030 strategy. I think the vast population of China will be key to that strategy.
CSL Price at posting:
$280.05 Sentiment: Hold Disclosure: Held
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