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Lebanese group Benta Pharma to take over Famar Lyon

Managed and owned by Bernard Tannoury, the Benta Pharma group has achieved sales of $77.5 million in 2019 and distributes its products in more than 40 countries. The company now announced that it will take over the French biotech company Famar Lyon. The Lebanese group was in competition with Neovacs, which said they are challenging the decision of the Commercial Court.



This picture show the city of Lyon.

The Commercial Court of Paris has chosen Benta Pharma to take over the Famar Lyon site in Saint-Genis-Laval. This news was eagerly awaited by the employees of the Famar Lyon site, based in Saint-Genis-Laval (Rhône). 

“We are very pleased to take over the Famar Lyon site to redeploy it in Europe as a major laboratory in the pharmaceutical industry. Benta Pharma will offer all the necessary commercial synergies and expertise by relying on the existing teams and the entire pharmaceutical industry ecosystem in the Lyon region and in France,” said Bernard Tannoury, CEO of the Benta group.

The group announced that the 115 employees at the site will be maintained and plans to increase the workforce to nearly 270 employees by 2026.

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Benta plans to invest $48.7 million (€42 million) by 2026

Benta Pharma’s industrial project has several objectives. The first is to make Famar Lyon a CMO/ CDMO capable of positioning itself from design and manufacturing to packaging and sales, in Europe and internationally.

However, Benta Pharma announced that Famar Lyon will retain its historical customers and will continue to produce hydroxychloroquine in particular. Benta Pharma also wishes to transfer part of its current and future production to the site, drawing on the expertise of its employees and the ecosystem of the Lyon region.

The Lebanese group also wishes to develop new lines for cytotoxic products in oncology, open a unit dedicated to biosimilars and an R&D unit with the technology transfer of 250 new products in various medical areas (oncology, cardiology, diabetes, neurology, etc.).

A growth project supported by an investment of $48.7 million (€42 million) by 2026. 

Benta Pharma, a group with varied targets

Managed and owned by Bernard Tannoury, the Benta Pharma group has achieved sales of $77.5 million in 2019 and distributes its products in more than 40 countries.

The group is developing in many pharmaceutical fields, such as cytotoxic products, sterile products, cephalosporins, and biotechnologies. It also has capabilities in sterile and transplantable medical materials and devices, as well as in solid (tablets and capsules) and liquid oral forms.

Neovacs files an appeal

The Lebanese group was in competition with Neovacs in this case. The company and its partners have announced that they are challenging the decision of the Commercial Court and have thus initiated an appeal procedure.

In their view, their project was “the only one that could ensure the national sovereignty of a strategic industry such as the pharmaceutical industry.” Neovacs and its partners also added that “the Lebanese group’s project was initially a takeover plan and that it was transformed into a continuation plan after the acquisition of Famar shares under opaque, undeclared conditions and in the last hours before the hearing.”

The takeover project supported by Neovacs provided for an investment of $42.9 million (€37 million) over five years and an increase in the site’s workforce from 150 to 400 people.


(Featured image by loictijsseling via Pixabay)

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.