Hikma Pharmaceuticals

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Hikma Pharmaceuticals
Public company (LSEHIK)
Industry Pharmaceutical
Founded 1978; 40 years ago (1978)
Headquarters London, UK
Key people
Said Darwazah, Chairman
Siggi Olafsson, CEO
Products Amoclan
Prograf
Suprax
Revenue US$1,936 million (2017)[1]
US$386 million (2017)[1]
US$(839) million (2017)[1]
Website www.hikma.com

Hikma Pharmaceuticals is a multinational pharmaceutical company based in London, that manufactures branded and non-branded generic and in-licensed pharmaceutical products. It was founded in Amman, Jordan in 1978 by Samih Darwazah. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The Company was founded by Samih Darwazah in 1978 in Amman in Jordan.[2] In August 1996 it became the first Arab company to export pharmaceutical products to the United States.[3] It was first listed on the London Stock Exchange in 2005.[2] Recent acquisitions include Instituto Biochimico Pavese Pharma in Italy in 2005[4] and Jazeera Pharmaceutical Industries in Saudi Arabia in 2006.[2] In 2007 the Company went on to buy APM in Jordan,[5] Alkan Pharma in Egypt, APM and Al Jazeera Pharma in Saudi Arabia[5] Thymoorgan in Germany[2] and Ribosepharm in Germany.[2] It started to acquire Baxter Healthcare Corporation's US generic injectables business, Multi-Source Injectables or MSI, and completed the transaction in May 2011.[6]

In October 2011, Hikma Pharmaceuticals entered the Moroccan market through the acquisition of Promopharm, the ninth largest pharmaceutical manufacturer in Morocco.[7] Hikma also inaugurated the Al Dar Al Arabia Pharmaceutical Manufacturing Company in Algeria in 2011. The Algerian pharmaceutical company is Hikma’s second venture in Algeria after Hikma Pharma Algeria.[8]

In 2011 the company won the ICSA / Hermes Transparency in Governance Award for the best audit disclosure for a FTSE 250 company.[9]

Hikma expanded its existing presence in the Egyptian market through the acquisition of the Egyptian Company for Pharmaceuticals and Chemical Industries (EPCI) in 2012.[10] In September 2013, Hikma announced expansion into Sub-Saharan Africa with a 50:50 joint venture agreement with MIDROC Pharmaceuticals Limited, to enter the Ethiopian pharmaceutical market.[11]

On 28 May 2014, Hikma Pharmaceuticals agreed to acquire assets from the U.S. generic injectable drugs business of Germany's Boehringer Ingelheim for up to $300 million, boosting its presence in the injected medicine market.[12] Since then 200 jobs have been cut as the company consolidates its activities.[13]

Operations[edit]

Hikma Pharmaceuticals' head office in Hanover Square in London (on the left)

Hikma Pharmaceutical’s operations span 29 manufacturing plants in 11 countries: United States, Portugal, Italy, Jordan, Saudi Arabia, Algeria, Germany, Egypt, Morocco, Tunisia and Sudan.[14]

Business Segments[edit]

Branded

Hikma’s branded business segment comprises the development and sales of branded generics and in-licensed patented products in the MENA region. Hikma has 499 products in 1,256 dosage strengths. Top products include Actos, Amoclan, Blopress, Omnicef, Prograf and Suprax.[15]

Injectables

Hikma sells specialized injectable products in the US, Europe and MENA including argatroban, fentanyl, phenylephrine, robaxin and iron gluconate. The company sells 200 products in 379 dosage forms and strengths.[15]

Generics

Hikma’s oral generic products are sold in the US and include such products as amoxicillin, cephalexin, doxycycline, methocarbamol and prednisone.[15]

See also[edit]

References[edit]

  1. ^ a b c "Preliminary Results 2017" (PDF). Hikma Pharmaceuticals. Retrieved 26 March 2018. 
  2. ^ a b c d e Hikma History
  3. ^ "Economy - Sectoral Analysis". kinghussein.gov.jo. Retrieved 6 March 2015. 
  4. ^ "Jordanian Pharma Major Buys Into An American Healthcare Startup". INC Arabia. 24 October 2016. Retrieved 18 April 2017. 
  5. ^ a b Hikma Annual Report 2007 Page 15
  6. ^ "Hikma Pharmaceuticals Plc Completes Acquisition of Baxter Healthcare Corporation's Multi-Source Injectables Business". Reuters. Retrieved 3 May 2011. 
  7. ^ Hikma Pharmaceuticals PLC (3 October 2011). "Hikma Enters the Moroccan Market Through the Acquisition of 63.9% of Promopharm and... -- LONDON, October 3, 2011 /PRNewswire/ --". prnewswire.com. Retrieved 6 March 2015. 
  8. ^ "Hikma expands in Algeria with Al Dar Al Arabia acquisition". Manufacturing Chemist. 15 April 2011. Retrieved 18 April 2017. 
  9. ^ "Login - Evaluate". evaluatepharma.com. Retrieved 6 March 2015. 
  10. ^ "Hikma expands in Egypt with EPCI acquisition". pmlive.com. Retrieved 6 March 2015. 
  11. ^ "Hikma sets up JV to enter Ethiopia". PharmaTimes. 18 September 2013. Retrieved 18 April 2017. 
  12. ^ "Hikma buys Boehringer injectable drugs business for up to $300 mln". Reuters. Retrieved 6 March 2015. 
  13. ^ "Hikma cuts 200 jobs". Fierce Pharma. 16 March 2018. Retrieved 19 March 2018. 
  14. ^ "Our global presence". Retrieved 18 April 2017. 
  15. ^ a b c "Products". Hikma Pharmaceuticals. Retrieved 18 April 2017. 

External links[edit]