York Pharma raises £28 million to fund acquisitions

Milton Keynes, England

- York Pharma has raised £28 million to fund a multi-million pound acquisition of Flammazine and Flammacerium from Solvay, according to BusinessWeekly.co.uk.

York Pharma has agreed to to terms for a £24.2 million for debt financing and another £3.9 million raised as it takes on global commercial rights and current sales of Flammazine and Flammacerium.

Flammazine and Flammacerium are dermatologic brands for the prevention and treatment of infections in burn wounds and topical wound infections.