Alpharma strengthens its position in China
Drug developer Alpharma Inc. has bought Shenzhou Tongde
Pharmaceutical Co. Ltd. a China-based company involved in the production of
antibiotics for livestock. Financial terms of the deal for were not
The Shenzhou City-based company makes zinc
, which is the antibiotic that keeps livestock healthy, with
annual sales of $5 million, Alpharma said.
Extended presence in China
The company said it will continue to support Tongde's customer base and
also export the product to other markets. With the acquisition, Alpharma
expanded its presence in China. "In 2006, we announced an agreement with
Zhejiang Hisun Pharmaceutical Co., Ltd. that will double the capacity of the
company's largest and fastest growing active pharmaceutical ingredient product,
, subject to the receipt of the required
regulatory approvals," Dean Mitchell, Alpharma's president and chief executive,
said in a statement.
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