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Uro-oncology company sold to international pharmaceutical group

K&L Gates had advised TOLMAR International Limited on the sale of its Australian subsidiary.

March 08, 2018 • By Emma Musgrave
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Uro-oncology company sold to international pharmaceutical group
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Firm: K&L Gates (TOLMAR International Limited)

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Deal: TOLMAR International Limited has been advised on the sale of 100 per cent of its shares in its Australian subsidiary TOLMAR Australia Pty Ltd to Mundipharma.

 
 

Value: Undisclosed

Area: M&A

Key players: The K&L Gates legal team was led by Melbourne M&A partner John Mann, and included Sydney tax partner Betsy-Ann Howe, senior associate Danielle Larkin and lawyer Rachel McNally.

Deal significance: TOLMAR Australia Pty Ltd (TOLMAR) was established in 2013. It is described as a specialised uro-oncology and men’s health organisation, providing medicines and support to those with advanced prostate cancer.

In addition, the company holds exclusive rights to distribute oncology pharmaceutical products “ELIGARD” and “BiELIGARD” in Australia, according to a statement by K&L Gates.

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Meanwhile, the purchaser - Mundipharma - is an international pharmaceutical group.

Commenting on the significance of the transaction, K&L Gates partner John Mann noted TOLMAR’s reputation within its industry.

“TOLMAR has a reputation for delivering high-quality products to the market,” Mr Mann said.

“The sale of TOLMAR complements Mundipharma’s existing product range and will ensure product access for patients and healthcare professionals well into the future.

“We are pleased to have helped them achieve a successful result.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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