Russia's Sistema furthers ambitions as drugmaker with acquisitions
Russian financial conglomerate Sistema PJSFCis accelerating expansion in the domestic pharmaceutical business through the acqu isition from the investment company Marathon Group of two domestic pharmaceutical companies: Sintezand Biocom, reports The Pharma Letter’s local correspondent.
Financial details of the deal are not disclosed, however, according to estimates of some Russian analysts, it may vary in the range of $250-$300 million.
In the case of Sintez, which is currently in the list of top-ten drug makers in Russia (with a market share of about 3%), the company mainly specializes on the production of antibiotics, pulmonary drugs and drugs for the treatment of the musculoskeletal system.
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