Thursday, December 22, 2011

Bethel Finance: Opko Health to buy Israeli drug ingredients maker

www.bethelfinance.com

Bethel Finance news:

Opko Health is buying buy FineTech Pharmaceutical Ltd., an Israeli company that makes active pharmaceutical ingredients for drugmakers, the company said Wednesday.

Terms of the deal, which is expected to close Dec. 29, were not disclosed.

Opko Health Inc., which is based in Miami, said FineTech makes complex ingredients for sale or license to pharmaceutical companies in the United States, Canada, Europe and Israel. Its Nesher, Israel, location is registered with the Food and Drug Administration and equipped with laboratory, production and quality control equipment.

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