Elder Pharma buys 51% in Biomeda of BulgariaBS Reporter / Mumbai August 28, 2007Mumbai-based Elder Pharmaceuticals has acquired 51% stake in Biomeda Group in Bulgaria for euro 5 million (around Rs 28 crore) in an all-cash deal. Biomedia has a turnover in the range of euro 10-12 million.With the acquisition, Elder will see the launch of many more products in Europe. Biomeda is Elder
