Archimedes Pharma to Acquire the Link Pharmaceuticals Group
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Archimedes Pharma Ltd announced it has acquired Link Holdings Ltd ("Link"), a UK-based pharmaceuticals group that focuses on sales and marketing of specialty pharmaceuticals with commercial operations in the UK, France and Germany. According to Archimedes, Link is a profitable business which is on track to record revenues of around £16 million in 2006, showing steady growth. Link shall become the UK commercial organisation for Archimedes whilst the French and German operations will form the basis of Archimedes' European commercial operations. Other financial terms were not disclosed.