Kyowa acquiring ProStrakan for £300M

Japan's Kyowa Hakko Kirin has snagged Scotland's ProStrakan in a £300 million deal. "As one of our licensees, KHK is a known quantity and the rationale behind the deal is for KHK to use ProStrakan's staff to access European markets," said ProStrakan CEO Peter Allen. Some analysts expect a counter offer from Norgine, which had been rebuffed last November. Story