Venus acquires German pharma unit
Venus Remedies has acquired a pharma unit in Germany through its recently established subsidiary, Venus Pharma GmbH.india Updated: Jan 31, 2006 12:49 IST
Foraying into European markets, Venus Remedies Ltd has acquired a pharma unit in Germany through its recently established German subsidiary, Venus Pharma GmbH.
The acquired unit would be operational under the new management from April 01, 2006 and would be the maiden overseas acquisition of the company, it informed the Bombay Stock Exchange
With the recent establishment of USFDA standard facilities at tax free zone of Baddi and Himachal Pradesh, the German acquisition would facilitate a synergy of operations and lead to higher margins for the company's products in the European markets, it said.
The company is also planning to go in for product registrations of its R&D products in Europe.
First Published: Jan 31, 2006 12:49 IST