B-MS Purchases Peru's Abeefe
Bristol-Myers Squibb has announced that it intends to purchase thePeruvian pharmaceutical firm Abeefe. Alfredo Donayre, a spokesman for Abeefe, declined to say how much the US group had paid for the company, saying: "that is not being released at the request of Bristol-Myers Squibb executives."
Abeefe currently has an approximate 8% share of Peru's pharmaceutical market and reported turnover of some $30 million for 1996.
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