Aim-listed Alliance Pharma doubles sales after acquiring arch rival Sinclair's healthcare products

Shruti Tripathi Chopra
Follow Shruti
AIDS Drugs
Alliance Pharma snapped up Sinclair last year (Source: Getty)

Aim-listed Alliance Pharma has boosted its sales following its takeover of rival Sinclair's healthcare products .

The figures

The pharmaceutical giant's pre-tax profits are up a whopping 103 per cent to £22.2m in the year to December while revenues rose 102 per cent to £97.5m.

Why it's interesting

Alliance Pharma's takeover of Sinclair's products helped boost is profits and expand its geographic reach to over 100 countries.

Other highlights included integrating 27 products acquired from Sinclair, effectively doubling the size of the group.

Among its star products were scar gel Kelo-cote and eye supplement MacuShield. Kelo-cote became the pharma giant's first £10m brand last year.

Read more: Hik, hik, hurray: Hikma shares soar despite profit drop

What Alliance Pharma said

Andrew Smith, Alliance's chairman, said:

"2016 has been transformational for Alliance following the acquisition of the Sinclair healthcare products business. Sales and profits have broadly doubled and our geographic reach extends to more than 100 countries. Having successfully integrated the acquisition, we are now focused on our three international growth opportunities - Kelo-cote, MacuShield and Diclectin.

"The current year has started well and we look forward to building on our foundations: an attractive, balanced portfolio, an expanded geographic footprint and a strong team."

Related articles