Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients
Pharma/fine chemicals roundup—20 August 2013
5:48 AM MDT | August 20, 2013 | Deepti Ramesh
Russia’s largest pharmaceutical company to buy Singapore-based API supplier for $590 million Pharmstandard (Moscow), Russia’s leading pharmaceutical company, says it will acquire Bever Pharmaceutical (Singapore), a supplier of active pharmaceutical ingredients (APIs), for a total of $590 million. Russian businessman Alexander Shuster, a nonexecutive board member of Pharmstandard, currently owns 100% stake in Bever. The strategic rationale for the proposed acquisition includes securing a long-term supply of critical APIs for two flagship OTC brands of...
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