Nycomed signs an agreement for the acquisition of Laboratorios Farmacol S.A. located in Colombia to further grow its presence in the Latin American region. Farmacol S.A., a Colombia based pharmaceutical company, has a strong presence in the areas of gastroenterology, respiratory and gynaecology.
Farmacol, founded in 1969, has developed and launched a number of products such as Espasmobil® (anti-spasmodic) and Vasoton® (anti-varicose treatment), which have contributed to building a strong and sustainable business in Colombia. Included among the ten leading local Colombian pharmaceutical companies, Farmacol has a sizeable marketing and sales organization, and its production facility with a focus on liquids, solids, semi-solids and effervescent products, has been GMP (good manufacturing practice) audited and received all approvals from the Colombian authorities (Instituto Nacional de Vigilancia de Medicamentos y Alimentos, INVIMA).Nycomed believes that this transaction will greatly support the company’s strategy for further growth in the country and region through the launch of its own products like Omnaris® (ciclesonide) and Daxas® (roflumilast) as well as regional brands like Alevian Duo® (Pinaverium bromide, Dimeticone) and Tecta® (Pantoprazole magnesium) in the respiratory and gastroenterology area, respectively. The transaction is subject to regulatory approval and closing is expected in the second quarter of 2011. Further details were not disclosed.Norbert Oppitz, Senior Vice President, Latin America, at Nycomed, said: “This deal clearly demonstrates the importance of Latin America as a key region in Nycomed’s emerging market strategy. Farmacol will give Nycomed access to one of the fastest growing pharmaceutical markets in Latin America. This strategic move will accelerate our expansion in the entire region.”
Further information:Investors:Christian B. Seidelinphone: +41 44 555 11 04