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Elder Pharma buys 51% in Biomeda of Bulgaria

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BS Reporter Mumbai
Elder Pharma buys 51% in Biomeda of Bulgaria
BS Reporter / Mumbai August 28, 2007
Mumbai-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

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First Published: Aug 28 2007 | 3:29 PM IST

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