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Indian Biotech Firm Buys into German Pharma Distributor

1:01 PM MST | February 11, 2008 | CW Editorial Staff

Biotechnology company Biocon Ltd. (Bangalore, India) says it has reached an agreement to acquire a 70% stake in pharmaceuticals firm AxiCorp (Friedrichsdorf, Germany) for €30 million. Biocon says the acquisition will help it to market a range of pharmaceutical products--including generics, biosimilars, biologics, and innovative pharmaceutical products--in Germany and the rest of Europe. Biocon specializes in biopharmaceuticals, custom research, clinical research, and enzymes. AxiCorp is a specialized marketing and distribution company focused on the generics...

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