Reckitt Benckiser to acquire Adams for $2.3 billion

Share this article:

UK-based cleaning products manufacturer Reckitt Benckiser announced Monday that it has agreed to buy US OTC drug maker Adams Respiratory Therapeutics for $2.3 billion.

Adams is a NASDAQ-listed specialty pharmaceutical group headquartered in Chester, NJ and markets two OTC cough treatments, Mucinex and Delsym, in the US.

Mucinex is currently the No.1 selling OTC expectorant in the US, Adams said.

Adams sales have grown to $332 million in the year to June 2007 compared with $14 million just four years earlier.

Commenting on the acquisition, Bart Becht, CEO of Reckitt Benckiser said in a statement: “Adams will add to our portfolio a new, rapidly growing powerbrand in Mucinex, a market and innovation leader in cough and congestion relief in the USA. Equally important, it will provide Reckitt Benckiser an entry into health care in the USA, the world's largest OTC market.”

Share this article:

Email Newsletters

More in News

House bill would speed approval once EU OKs same product

House bill would speed approval once EU OKs ...

The Speeding Access to Already Approved Pharmaceuticals Act of 2014 would require FDA to expedite the review of pharmaceuticals that are already approved by the European Union

Rep access continues to shrink

Rep access continues to shrink

Sales reps are experiencing even more limited physician access, according to a report by Chicago consultancy ZS Associates.

Allergan touts reorg, plans to lay off 13% of workforce

Allergan touts reorg, plans to lay off 13% ...

Allergan's second-quarter earnings, and a new round of cuts, are now part of the Botox maker's record as it seeks to remain independent.