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Biocon Buys Stake in German Pharma Distributor

10:22 AM MST | February 19, 2008 | Deepti Ramesh

Biotechnology company Biocon (Bangalore, India) says it has reached an agreement to acquire a 70% stake in pharmaceutical distributor AxiCorp (Friedrichsdorf, Germany) for €30 million. Biocon says the acquisition will help it market products—including generics, biosimilars, biologics, and innovative pharmaceutical products—in Europe. Mazumdar-Shaw: Closer to Europe. Biocon specializes in biopharmaceuticals, custom and clinical research, as well as enzymes. AxiCorp markets and distributes generics and parallel imported pharmaceuticals in...

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