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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