Spain's Rovi In Line For €3.4bn Windfall With CDMO Sale

The Madrid-headquartered group could see its finances transformed with a sale of its third party manufacturing services which have blossomed through its partnership with Moderna.

Rovi
• Source: Rovi

The future direction for Laboratorios Farmacéuticos Rovi, S.A. will depend largely on whether the Spanish drugmaker is tempted to sell its successful contract development and manufacturing organization (CDMO) and possibly pocket well over €3bn.

In March, Rovi hired financial advisor Lazard to explore "potential strategic alternatives" relating to its third party manufacturing services. Following...

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