News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Gruenenthal CEO Has $1.3 Billion for Latin America Purchases


1/13/2012 7:03:37 AM

Gruenenthal GmbH is ready to spend 1 billion euros ($1.3 billion) on acquisitions “in the near future” to expand its pain medicines business in Latin America, Chief Executive Officer Harald Stock said. The family-owned company, based in Aachen, Germany, is looking for deals in Brazil and wants to grow further in countries such as Mexico, Stock said in an interview yesterday in San Francisco, where he was attending JPMorgan Chase & Co.’s health-care conference. Gruenenthal, founded by Hermann Wirtz after World War II, makes the Palexia painkiller and Norspan patches.

Read at BusinessWeek

comments powered by Disqus
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES