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Fresenius says to buy Kyorin blood business

Wed Apr 25, 2007 2:03am EDT

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FRANKFURT, April 25 (Reuters) - Germany's Fresenius (FREG_p.DE) said on Wednesday it would buy the blood volume replacement business of Japanese pharmaceutical company Kyorin Pharmaceutical Co 4560.T for an undisclosed price.

Fresenius said in a statement that Kyorin's artificial colloids sales were 5.2 million euros ($7 million) in the fiscal year ending March 2006.

The colloids are mainly used in surgical and emergency procedures to substitute blood loss.

((Reporting by Rajiv Sekhri, Frankfurt Newsroom, Reuters Messaging rm:/rajiv.sekhri.reuters.com@reuters.net +49 69 7565 1244, rajiv.sekhri@reuters.com))

($1=.7373 Euro)

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