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Petersfield, Hampshire, 4 October 2024: Aspire Pharma Limited, a high growth UK-based specialty niche generics business, announces the further strengthening of its product portfolio through the acquisition of all assets from Canute Pharma Limited.

The acquisition underpins Aspire’s commitment to continue to make a difference in the lives of patients by sourcing differentiated products to augment its strong position in the UK market.

The new therapy categories will enhance Aspire’s existing dermatology portfolio, as well as provide opportunities to extend the reach of the acquired products into new geographic territories.

Richard Condon, Chief Executive Officer of Aspire, said:

“We are delighted to announce the asset purchase from Canute Pharma. It brings a number of innovative products, which will strengthen our commitment to providing high-quality skincare solutions to patients.

“We now look forward to integrating these differentiated product lines, which offer a synergistic fit, into our portfolio. This further supports our commitment to addressing the unmet needs of patients, while delivering true value to healthcare professionals, payors and the NHS.”

As part of the asset purchase, Canute Pharma’s facility in Knutsford, Cheshire, UK, will transfer to Aspire as the main distribution hub for some of the pre-existing portfolio.

Richard Anderson, Owner and Director of Canute Pharma, said:

We are pleased to complete the asset sale with Aspire Pharma, which provides consistency for existing distribution arrangements, as well as a good fit in terms of shared values and therapeutic focus that will help continue to improve patient access to essential treatments.”

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