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Alliance Pharma Plc's subsidiary acquires Lypsyl brand from Novartis AG

Wednesday, 18 Dec 2013 02:00am EST 

Alliance Pharma Plc:Says its wholly owned subsidiary Alliance Pharmaceuticals Limited has acquired all UK and Republic of Ireland (ROI) rights to Lypsyl from Novartis AG ( Novartis) for a consideration of $3.0 million.Says Lypsyl is a personal care brand used to moisturise lips.Says Novartis and its affiliates (the Novartis Group) have been selling Lypsyl in the UK and ROI for many years.Says the $3.0 million consideration is being funded from available cash and the group's 25 million pounds acquisition facility remains undrawn. 

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0.35 +0.41%
11:31am EDT