BRUSSELS, April 25 Belgium-based Arseus
, the worlds biggest supplier of ingredients to
pharmacists so they can mix up their own versions of drugs,
bought U.S.-based Freedom Pharmaceuticals for an undisclosed
sum, it said on Thursday.
The acquisition strengthens its global position in the
market for drug compounding, where pharmacists assemble
medicines themselves specifically tailored to the needs of their
Arseus said in a statement that it paid 5.5 times EBITDA for
Freedom Pharmaceuticals, which expects to achieve turnover of
about $25 million in 2013.
(Reporting By Ben Deighton, Editing By Ethan Bilby)