Valeant buys Russia’s Natur Produkt for $180 mlnMarch 26, 2012 - 19:36 AMT PanARMENIAN.Net - Acquisition-hungry Valeant Pharmaceuticals International Inc said it agreed to buy Russian pharma company Natur Produkt International, JSC for about $180 million to tap into the over-the-counter (OTC) market in the country, Reuters reported. The deal also includes an additional $5 million in potential future milestones and is expected to close by mid-year 2012, Valeant said in a statement. Natur Produkt, which was founded in 1993, owns brands such as AntiGrippin cough and cold remedy and Anti Angin, Sage and Eucaplyptus MA sore throat treatments. Earlier this month, Valeant bought some assets of Austrian pharmaceutical company Gerot Lannach, and in February, said it had agreed to buy Eyetech Inc and Brazil's Probiotica Laboratorios Ltd. Valeant expects the transaction to immediately add to its earnings. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Lemkin Institute urges Armenia to respect people’s right to dissent The Lemkin Institute has urged the Armenian government to respect people’s fundamental human right to express their dissent. French-Armenian journalist returns to France after 41-day hunger strike Nicolian said on social media on Sunday, June 2 that he needs to improve his health in order to “continue the fight”. Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. |