EUSA Pharma, founded in 2015 and controlled by funds managed by EW Healthcare Partners, focuses on rare and niche oncological diseases and had net sales over the last twelve months to end-June of around 130 million euros.

The acquisition, whose closing is expected in the first half of next year, will be funded via existing liquidity and bridge financing fully underwritten by JPMorgan and Mediobanca, Recordati added.

($1 = 0.8855 euros)

(Reporting by Agnieszka Flak, editing by Giulia Segreti)