Alvogen to expand Russian business with acquisition
Privately-owned US firm Alvogen announced today that it has signed a definitive agreement to acquire Omega Bittner, a Russia-based pharmaceutical firm owned by Perrigo Company (NYSE: PRGO).
Working with well-established and recognized brands in Russia including Lactacyd, Aflubin and Paranit, the firm focuses on a targeted portfolio of over-the-counter drugs in categories such as women’s healthcare and cough and cold.
Just a few days ago Ireland-incorporated generic and OTC drugmaker Perrigo sold off its Israel-based active pharmaceutical ingredients business to private investment company SK Capital for $110 million.
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