OXYGEN
29/06/2005, 18h43
29/06/2005 - Another week, another Indian acquisition of a European or US pharmaceutical company. In the latest case, Torrent Pharmaceuticals has agreed to acquire Heumann Pharma Generics of Germany through its wholly owned German affiliate, Torrent Pharma GmbH.
Heumann Pharma Generics, a subsidiary of world number one pharmaceutical firm Pfizer, had turnover of some €50m in the fiscal year ended 30 November, 2004, and is ranked eleventh in the German generics market. It had previously been rumoured that Merck KGaA was interested in buying the firm.
to be followed at http://www.in-pharmatechnologist.com/news/ng.asp?n=60976&m=1IPE629&c=fqxuoqfzsiywdyn
Heumann Pharma Generics, a subsidiary of world number one pharmaceutical firm Pfizer, had turnover of some €50m in the fiscal year ended 30 November, 2004, and is ranked eleventh in the German generics market. It had previously been rumoured that Merck KGaA was interested in buying the firm.
to be followed at http://www.in-pharmatechnologist.com/news/ng.asp?n=60976&m=1IPE629&c=fqxuoqfzsiywdyn