Tuesday, January 2, 2007

Aurobindo Pharma acquires Pharmacin

As reported earlier in our blog, Aurobindo Pharma has acquired a company in the Netherlands. The company happens to be Pharmacin International BV, a €6 mn generic pharma company. The acquisition was made through Aurobindo’s Dutch subsidiary Agile Pharma BV for an undisclosed sum. This is Aurobindo’s second acquisition in Europe after Milpharm in the UK in Feb 2006.

Agile Pharma acquired 100% of Pharmacin International B.V. from Jerim B.V. and Jonghoud International B.V. Pharmacin is engaged in supply and licensing of generics in Netherlands and in key markets in Europe. Pharmacin has over 200 product registrations for 63 customers in the Netherlands and Europe. Its strengths include cGMP warehouses close to Rotterdam, a strategic distribution location in Europe.

Read article from The Economic Times.
Related post: Aurobindo Pharma all set to buy a company in The Netherlands

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