Stada says business so far unaffected by Ukraine crisis

FRANKFURT, March 3 Mon Mar 3, 2014 6:57am EST

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FRANKFURT, March 3 (Reuters) - German generic drugmaker Stada said its business was so far largely unaffected by the tension between Ukraine and Russia, its second-biggest single market after Germany.

"So far we do not see tension in Ukraine weighing on our business," a spokesman siad.

Shares in Stada dropped more than 8 percent on Monday amid concern that turmoil in Russia and an accompanying further decline of the rouble against the euro would hurt the German generic drugmaker's sales. (Reporting by Frank Siebelt; Writing by Maria Sheahan; Editing by Harro ten Wolde)

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