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04.04.2006 00:00

Ranbaxy on Acquisition Path

The Indian pharmaceutical giant buys Romanian and Belgian generic drug companies.
Shares in Boots, the UK health and beauty chain, rose 3.2 per cent in morning trade on Thursday after it reported stronger than expected sales for the fourth quarter of the year and said it was planning to cut prices on 1,000 products.
In Russia, following the acquisition of Nizhpharm at the beginning of the year 2005, STADA was able to post sales of EUR 56.6 million. As compared to the sales in 2004, Nizhpharm was thereby able to raise sales by 40%.
Worldwide sales of prescription medicines worldwide rose 7%. The United States still accounts for the lion's share of that, but emerging markets such as China, Russia, South Korea and Mexico outpaced those markets, growing a whopping 81%.
Tamro has increased its ownership in Russia’s third largest pharmaceutical wholesaler ZAO Rosta to 42,5%. Previously Tamro owned a 18% share in the company. The deal is pending approval from Russian competition authorities.
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