Company News

Share this article:

Sanofi-Aventis announced the acquisition of Medley, a Brazilian pharmaceutical manufacturer, for $658 million. The transaction is expected to be finalized during the second quarter of 2009. According to a Sanofi release, Medley is the third largest pharmaceutical company—and the largest generic manufacturer—in Brazil. Medley posted roughly $201 million in sales for 2008, according to the statement.

 

Takeda announced plans to expand sales and marketing operations in Spain and Ireland. In Spain, the company will commence with promotional activities in support of Blopress, a blood pressure drug, and Glustin, a diabetes treatment. In Ireland, the company expanded promotional activities for Actos, a treatment for type 2 diabetes.

Share this article:
close

Next Article in Business Briefs

Email Newsletters

More in Business Briefs

Penn and Teller give take on vaccines

The Las Vegas twosome give the anti-vaccination movement their signature treatment.

GSK allegations build in Jordan and Lebanon

GlaxoSmithKline says it is investigating allegations of employee misconduct. The company said in a statement that the allegations have numbers "very similar to those reported by other companies in our sector."

Generic Celebrex is coming

Pfizer and Teva's settlement puts generic Celebrex on the market by December.