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Germany: Sanofi and Cheplapharm to create new strategic partnership in mature medicines

Manufacturing - Specialty Pharma Nick Herbert -
Sanofi and Cheplapharm, a Germany-based specialty pharma, intend to create a strategic partnership under which Cheplapharm would take over from Sanofi a selection of 20 mature medicines and three manufacturing sites worldwide. In return, Sanofi will receive a 26.4% equity stake in Cheplapharm. “Cheplapharm has been a trusted partner for...

UK: Knight Frank sells former south London hospital site to healthcare operator 

Healthcare Nick Herbert -
Global property consultancy, Knight Frank, has completed the £4m sale of a 2.47-acre freehold site in Carshalton, London, on behalf of AGS Property Investments (2015).  The development opportunity at 1 and 3 Metcalfe Avenue has been acquired by private healthcare company Q-Rad, which will utilise the site under Class E use to accommodate its operational needs.  “For us, this is about more than property development; it is about creating something positive, community-minded and giving something back,” said Navaratna-Rajah of Q-Rad. Comprising approximately 19,814 sq ft across three buildings, it represents the final...