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Faes Farma Finalizes €270 Million Acquisition of Italian Ophthalmology Specialist SIFI

Faes Farma gains access to SIFI’s network in over 60 countries with earn-outs up to €50.5 million tied to Akantior’s European sales milestones.

Una planta de Faes Farma en Derio (Bizkaia)
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Overview

  • The deal values SIFI’s enterprise at €270 million and brings three business lines on board: ophthalmology, third-party manufacturing and the newly approved therapy Akantior.
  • SIFI, with over 90 years of history, reported about €100 million in base ophthalmology revenues and €20 million in EBITDA in 2024.
  • Combined with the earlier Edol purchase, ophthalmology is set to represent roughly 20% of Faes Farma’s total income.
  • Earn-outs of up to €50.5 million are linked to commercial milestones for Akantior, which has been approved in Europe for the treatment of ultra-rare diseases.
  • The acquisition secures direct market entry into Italy, France, Romania and Turkey while reinforcing Faes Farma’s presence in Spain and Mexico.