BUDAPEST Nov 3 Hungarian drug maker Richter
GDRB.BU has acquired German Grunenthal GmbH's oral
contraceptive portfolio for a cash purchase price of 236.5
million euros ($329.8 million), Richter said on Wednesday.
"Grunenthal's existing oral contraceptive business
represents a strategic fit for Richter to both strengthen its
presence in Western European markets and expand its oral
contraceptive product portfolio," it said in a statement.
The purchase includes distribution and marketing rights in
all markets worldwide where registration approvals have been
granted, Richter said.
(Reporting by Gergely Szakacs; Editing by Hans Peters)