© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - OPKO Health Acquires EirGen Pharma
Posted 28th May 2015

OPKO Health Acquires EirGen Pharma

OPKO Health Acquires EirGen Pharma

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

OPKO Health Acquires EirGen Pharma

OPKO Health Acquires EirGen Pharma

View Biography
Image

Paul Heffernan, Legal Adviser OPKO Health

OPKO Health, Inc. is pleased to announce the acquisition of EirGen Pharma, Ltd., a growing, profitable and cash flow positive specialty pharmaceutical company focused on the development and commercial supply of high potency, high barrier to entry, pharmaceutical products for sale in the U.S., Canada, Japan, Australia, most European countries, and more than 40 others around the world.

EirGen, based in Waterford, Ireland, was founded by two former executives of IVAX Pharmaceuticals, Tom Brennan and Patsy Carney. The company, situated in a state of the art high containment research and development, and manufacturing facility, is approved by the FDA, EMEA (European Health Authorities) and the PMDA (Japanese Health Authorities). High potency drugs such as those used for cancer chemotherapy are typically unsuitable for manufacture in normal multi-product facilities due to cross contamination risks.

To date, EirGen and its commercial partners have filed 10 product applications with the FDA and 5 each in Europe and Japan. EirGen has a strong research and development portfolio of over 20 niche, high barrier to entry drugs and, with access to additional capital that OPKO will provide, together with the benefits of Irish government programs to encourage research and development in Ireland, EirGen will rapidly expand its drug portfolio.

“EirGen Pharma is one of the leading developers and suppliers of high potency niche pharmaceutical products in the world,” said Phillip Frost, M.D. OPKO’s Chairman and CEO. “As FineTech, OPKO’s Israeli active pharmaceutical ingredient manufacturing subsidiary, is also focused on high potency drugs, an immediate business synergy is expected. EirGen also offers the significant benefit of potentially being able to manufacture OPKO’s current and future products in our own facilities, which we expect will result in even higher gross margins. The superb management, research and development, manufacturing and product distribution teams, along with state of the art facilities, together, will create an important, tax efficient base of operations for OPKO,” said Dr. Frost.

Categories: M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Nordic Region Rivals US and Europe for Process Excellence Adoption
Innovation
17/02/2015Nordic Region Rivals US and Europe for Process Excellence Adoption

Nokia Labs Head of Operations Jarkko Pellikka, Ph.D says the Nordic region boasts some of the finest examples of process and operational excellence in the world today.

Read Full PostRead - Eye Icon
The Benefits of QR Codes for Business Marketing and More
Innovation
05/10/2023The Benefits of QR Codes for Business Marketing and More

Business founders and owners easily find themselves drifting when thinking of new offerings or solutions to help them boost the visibility of their companies. Quick response codes are among the latest solutions and offerings that business owners and founders a

Read Full PostRead - Eye Icon
Bridging a ‘Viable Option’ for Those Who Cannot Get Mortgages
Finance
29/06/2020Bridging a ‘Viable Option’ for Those Who Cannot Get Mortgages

In a post-covid world, mainstream banks and lenders have highlighted a much stricter lending criteria for mortgages, with first-time buyers to be hit the hardest. A long period of uncertainty awaits, with banks reluctant to lend to borrowers when employment an

Read Full PostRead - Eye Icon
All Your Currency – In Our Superapp!
News
15/06/2023All Your Currency – In Our Superapp!

Sydney-based company Bano SuperApp (Bano) allows customers to spend, pay, save, and invest, all from one virtual account. Designed for millennial and gen-z clients, the Bano superapp features a range of local, and global, financial offerings on one integrated

Read Full PostRead - Eye Icon
Team Building – is Sailing the Answer?
News
03/01/2023Team Building – is Sailing the Answer?

No matter how big or small your organisation is, there is always a call for creating a better team environment. This aids not only better communication between departments (which can make for faster and better solutions to business issues) but also increased r

Read Full PostRead - Eye Icon
How Business Owners Are Using Family Banking to Build Generational Wealth
Finance
22/06/2026How Business Owners Are Using Family Banking to Build Generational Wealth

For high-income entrepreneurs and business owners, the question of what happens to wealth after a business exit is rarely answered well by conventional financial planning. Liquid assets sit in accounts that offer little growth. Business equity remains tied up

Read Full PostRead - Eye Icon
Enhancing Sustainability and Efficiency with Commercial Heating Systems
News
19/12/2023Enhancing Sustainability and Efficiency with Commercial Heating Systems

When it comes to heating systems on commercial premises, gas boilers remain the go-to option for businesses of all sizes and industries. These appliances offer the perfect balance of power, performance, reliability, and efficiency, while also allowing for besp

Read Full PostRead - Eye Icon
How to Set and Achieve Your Business Goals
Leadership
27/04/2020How to Set and Achieve Your Business Goals

The ability to set and reach goals within your career is an important part of success in business. As a business leader, you need to be able to help others create and achieve their goals as well as your own. However, even the most ambitious and capable people

Read Full PostRead - Eye Icon
Acquisition of Barclays’ Trust Business Completes
M&A
18/01/2016Acquisition of Barclays’ Trust Business Completes

An independent investor group, led by the Sarikhani and Nielsen families, today announced the completion of the acquisition of a majority shareholding in Barclays’ trust and fiduciary business.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow