Navigation Links
Wockhardt acquires Protinex, Farex brands from Netherland Co

Indian drug maker, Wockhardt Ltd today said it has acquired Dumex India Pvt Ltd along with its two products Protinex and Farex// from the Netherlands-based Royal Numico NV for an undisclosed sum.

The company plans to change the acquired company's name to 'Dumex' within six months, Wockhardt informed the Bombay stock Exchange.

"Acquisition of Protinex and Farex is a critical milestone in our growth plans in nutrition business. Today's acquisition makes us the undisputed leader in medical nutrition. The global market for medical nutrition is worth USD 32.5 billion," Wockhardt Chairman Habil Khorakiwala said.

Under the agreement, Royal Numico would also offer technical know-how to the company for the manufacture of specialised sugar-free infant food products currently marketed in India and internationally, under its brand names Dulac and Dupro.

The acquisition has the potential to double its nutrition products sale to Rs 120 crore as Protinex and Farex complements its product range, it added.

The company would inherit a strong sales and marketing organisation with 235 personnel and the acquisition follows Royal Numico's decision to focus on China and other markets.

The company has a strong presence in infant nutrition with Dexolac, Nusobee and Firstfood brands, with annual sales of ab out Rs 60 crore.

The company is also in talks with global companies for in-licen sing medical nutrition products.
'"/>




Page: 1

Related medicine news :

1. Wockhardt Group Plans Hospital In Delhi By End-2007
2. Biovac, Hepatitis A Vaccine Marketed By Wockhardt
3. Indias Wockhardt Acquires Irish Firm
4. Mercy killing for newborn with incurable disease in Netherlands
5. Netherlands to lift livestock restrictions over avian influenza
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... HMP ... the recipient of a 2017 Folio Magazine Eddie Digital Award for ‘Best B-to-B Healthcare ... City on October 11, 2017. , The annual award competition recognizes editorial and design ...
(Date:10/12/2017)... Chapel, FL (PRWEB) , ... October 12, 2017 , ... ... is holding a treadmill relay – Miles by Moonlight to raise money for the ... donating $300 or more. , Teams will work together to keep their treadmills ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... (HLA), the nation's first interactive health literacy software tool, and the Cancer Patient ... aspects of cancer patient education, today announce a new strategic alliance. , ...
(Date:10/12/2017)... ... 2017 , ... Vohra Chief Medical Officer Dr. Shark Bird, ... nursing facility medical directors and other clinicians at various events in October. His ... many of these conferences we get to educate other physicians, facility nurses, corporate ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... sciences content management, presents its enhanced Pepper Flow promotional review platform at ... 2017. Pepper Flow’s increased insight-driven capabilities help marketers streamline the medical, legal, ...
Breaking Medicine News(10 mins):
(Date:10/12/2017)... Oct. 12, 2017   Divoti USA will ... to the standard of the latest FDA requirements, which stipulates new ... Anyone in need of Medical ID jewelry such as Medical ... are engraved in terms of the new FDA requirements ... Divoti offers this dark ...
(Date:10/11/2017)... Oct. 11, 2017  Hill-Rom Holdings, Inc. ("Hill-Rom") (NYSE: ... facility in Las Piedras, Puerto Rico ... blades. Following ... facility sustained minor structural damage, temporary loss of power ... have been completed, manufacturing operations have resumed, and the ...
(Date:10/4/2017)... 2017  South Korean-based healthcare product Development Company I.M. ... on Kickstarter. The device will educate the user about ... better efficiency compared to the dated and pricey CPR ... efficacy of the compression for a more informed CPR ... to raise $5,000. ...
Breaking Medicine Technology: