KELIX bio to Acquire Pharmaceutical Institute (PHI) in Rabat, Morocco

March 8, 2022

KELIX bio, a pan-African biopharmaceutical platform, entered into a binding commitment to acquire Pharmaceutical Institute (PHI), a leading pharmaceutical manufacturer in Rabat, Morocco. The deal marks KELIX bio’s first entry into Morocco and is intended to strengthen the company’s manufacturing and distribution presence as Morocco expands universal health coverage.

Buyers
KELIX bio
Targets
Pharmaceutical Institute (PHI)
Sellers
Sedrati family (PHI founders, including Ali Sedrati)
Industry
Pharmaceuticals
Location
Morocco
Transaction Type
Buyout

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