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Pharmaceutical Contract Development and Manufacturing Organisation Lars Backsell, Chairman Thomas Eldered, CEO Pharmaceutical products for humans RECI-B (STO) SEK 120.50 -0.25 (-0.21%)24 Mar, 5:29 PM GMT+1 - Disclaimer
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Recipharm AB is a Swedish company, active as a pharmaceutical contract development and manufacturing organization(CDMO), with production facilities in Sweden, France, the UK and Switzerland and a development site in Sweden. Recipharm employs over 1400 people and operates nine production facilities. Its current production consists of over six hundred different products in a variety of dosage forms to global pharmaceutical companies. Recipharm was listed on the Stockholm Stock Exchange in April 2014.
1995 - The company Recip was founded, by the owners Lars Backsell and Thomas Eldered, after a Management Buyout of a tablet production site owned by Pharmacia. Recip at this stage had 140 employees an 220 million SEK turnover.
1998 - Recip’s first CMO commissions for two major Nordic pharmaceutical companies. Tricum Fibres site in Höganäs, Sweden, was acquired.
2001 - The CMO brand Recipharm was established.
2002 - A penicillin plant in Strängnäs, Sweden, was acquired from AstraZeneca.
2004 - A semi solid facility in Karlskoga, Sweden, was acquired from AstraZeneca.
2005 - The organisation was restructured into separate subsidiaries.
2007 - A final decision was made, to focus only on outsourcing business. The distribution company with the Recip products was sold to Meda. A sterile facility was acquired in Monts, Indre-et-Loire, France, from AstraZeneca. A new development centre was obtained. A “multi-purpose” facility was acquired in Great Britain.
2008 - Acquisition of: Lyophilisation facility in Switzerland, A capsule production facility in Fontaine-lès-Dijon, France, The majority share of an AstraZeneca biotech laboratory in Södertälje, Sweden. About 1400 employees, turnover 1427 million SEK. The name of the company was changed from Recip to Recipharm.
2014 - In August, the company announced its acquisition of Corvette Pharmaceutical Services for $159 million and in November the company announced it would acquire Lusomedicamenta for $140 million.
2015 – In October the company acquired Nitin Lifesciences for $103 million.
2016 – In February the company acquired Mitim for $75.5 million (SEK640 million)
Recipharm Wikipedia (Text) CC BY-SA