Aspire Pharma Limited, a leading UK provider of niche generic and branded medicines, on Monday, announced that it has successfully acquired Cenoté Pharma
as part of the company's ongoing strategy to supplement its organic growth through acquisitions and strategic partnerships.
Cenoté Pharma is a UK-based pharmaceutical company that specialises in addressing carnitine deficiencies. Carnitine is an amino acid derivative whose insufficiency
can impair the metabolism of essential tissues, such as those of the liver, heart and muscles.
While the exact prevalence of systemic primary carnitine deficiency (SPCD) remains uncertain and varies depending on ethnicity, the estimated prevalence is 1 in
20,000 to 1 in 70,000 newborns in Europe and the USA, as stated by Aspire Pharma in its press release.
Aspire CEO Richard Condon expressed enthusiasm about the addition of a new therapy area into the company's portfolio. "This acquisition underscores our commitment
to advancing the science and treatment options for vulnerable patient groups," he said.
Aspire Pharma has completed the acquisition of Morningside Pharmaceuticals (Loughborough), Morningside Healthcare (Leicester) and Morningside Healthcare (India);
speciality generic pharmaceutical organisations.
Morningside delivers Aspire added talent, increased in-market range, and an industry leading pipeline, complementary to Aspire's.
"We are excited to welcome the Morningside team to the Aspire family. This is a transformative opportunity for both companies to expand and enhance our market
position as a result of both companies highly complementary product portfolios. The combination will create one of the largest and fastest growing UK pharma companies
and see further accelerated growth potential in our current and future product portfolio, in the UK and internationally," said Richard Condon, Chief Executive
Officer of Aspire Pharma.