Baltic Countries

Valeant Pharmaceutical Inc to bag Lithuanian Sanitas

25.05.2011

Kaunas – US company Valeant Pharmaceuticals International, Inc. wants to purchase Lithuanian generic drug maker Sanitas AB for EUR314 million in cash. Shareholders of Sanitas have already agreed to sell Valeant 87.2% of Sanitas’ outstanding shares. Sanitas has a generics product portfolio of 390 products and outstanding marketing power in Central and Eastern Europe, primarily Poland, Russia and Lithuania. The firm, which is developing dermatology, ophthalmology and hospital injectables, is expected to make more than EUR100 million in revenue this year.

Baltic Countries

16.03.2007

Riga/Olaine – Two of the largest Latvian pharmaceutical companies began the year with significant transformations. Riga-based pharmaceutical manufacturer JSC Grindeks has reacted to the good sales in Russia and other ex-Soviet...

Baltic Countries

16.03.2007

Zagreb – The Croatian Health Minister, Neven Ljubicic, has set up a commission to advise hospitals about the merits of doctors attending conventions and professional symposia. Participation at scientific meetings is often...

Baltic Countries

21.11.2006

Riga – The recently established Latvian Biotechnology Association has as its main aim the promotion of the development of biotechnology in Latvia through the clustering of academia, governmental bodies and industry in joint...

Baltic Countries

21.11.2006

On first sight everything seems rather small in the Baltic country of Latvia: It has 1.4 million citizens, about 8,000 students and only 5 universities. However, there is another face to the the Republic of Latvia: it produced...

Baltic Countries

16.09.2006

Tartu – The Archimedes Foundation has launched the Scanbalt Project ‘Boosting Baltic FP7’. Like its predecessor, the project aims to increase awareness of FP7 programs and related knowledge for National Contact Points (NCPs) and...

Baltic Countries

21.07.2006

Vilnius – Lithuania’s only biotech drug manufacturer, Sicor Biotech, is applying for the largest amount of EU structural fund support within the ‘direct support to research’ group.The invitation for tenders under the measure...

Baltic Countries

17.03.2006

Tartu - Tartu University and one of the leading Estonian molecular diagnostic companies, Quattromed AS, submitted a provisional patent application in the US to protect a technology that significantly accelerates the production...

Baltic Countries

17.03.2006

Vilnius - The Lithuanian Innovation Centre (LIC), a Member of ScanBalt, has celebrated its 10th anniversary in February. The non-profit organization provides services to enterprises, research institutions, government and business...

Baltic Countries

17.03.2006

Tallinn - The objective of the ScanBalt Intellectual Property Knowledge Network (IPKN) workshop to be held on March 30-31, 2006, in Tallinn, is to facilitate regional cooperation and coordination of research and education in the...

Baltic Countries

29.01.2006

Kaunas - Sanitas AB announced in early-January to go ahead with its acquisition of a controlling stake in listed Polish drug maker Jelfa despite legal challenges to the deal. Sanitas won a tender to acquire a 47%-stake in Jelfa...

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