| Glenmark's S African unit buys 7 product basket |
| Our Web Bureau / Mumbai June 16, 2006 |
| Glenmark Pharmaceuticals' South African subsidiary Bouwer-Bartlett has acquired 7 products and 11 presentations from P D Pharmaceuticals for an undisclosed amount. The brands collectively are expected to garner sales of $ 2-3 mn in FY07. According to an official release issued by Glenmark to the BSE today, Bouwer-Bartlett obtained global intellectual property (IP) rights for the products and will initially market the products within South Africa with a view to gradually sell them in other geographies. The acquired basket includes anti-diarrhoeal, anti-inflammatory, analgesic, expectorant, anti-protozoal, anti-acid and multi-vitamin products. |
