STOCKHOLM, April 27, 2018 /PRNewswire/ -- Moberg
Pharma AB (OMX: MOB) has completed the divestment of the Balmex®
brand to Randob Labs for a total consideration of $4.25 million plus the inventory value. The
divestment results in a capital gain of circa $0.5 million.
The brand Balmex®, with a number of products for treating and
preventing diaper rash, was acquired from Chattem Inc. in April,
2015. The role of Balmex® in the product portfolio has reduced
after the 2016 acquisitions. Divesting the brand, enables Moberg
Pharma to focus resources on its larger and more profitable brands.
The brand generated net sales of $3.8
million in 2017.
Advisors
Hansen Law was engaged as legal
advisor for the divestment of Balmex®.
About this information
This information is information that Moberg Pharma AB is obliged
to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of
the contact person set out above, at 8.30
a.m. CET on April 27th,
2018.
For additional information, please contact:
Peter Wolpert,
CEO,
telephone: +1-908-432-22-03
(US), +46-70-735-71-35
e-mail: peter.wolpert@mobergpharma.se
Anna Ljung,
CFO,
telephone: +46-707-66-60-30,
e-mail: anna.ljung@mobergpharma.se
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http://news.cision.com/moberg-pharma/r/moberg-pharma-completes-divestment-of-balmex--for--4-25-million,c2503137
The following files are available for download:
http://mb.cision.com/Main/1662/2503137/829415.pdf
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Moberg Pharma
completes divestment of Balmex® for $4.25 million
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SOURCE Moberg Pharma