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Provider: Reuters Investment Profile
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Investcafe

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FAS Clears Farmstandart OAO To Buy Lekko-PRIME

Tuesday, 11 Sep 2012 02:30am EDT 

PRIME reported that Russia’s Federal Antimonopoly Service (FAS) has cleared pharmaceutical producer Farmstandart OAO (Pharmstandard) to acquire pharma producer Lekko. Lekko, located in the Vladimir Region, focuses on the research, development, production, and promotion of high-end medication. The company produces 11 brands of pharmaceuticals, amounting to more than 50 million packs annually. The acquisition of Lekko is expected to enlarge Pharmstandard’s portfolio of prescription medicines, a Pharmstandard representative said earlier without providing the value of the deal. 

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