26 April 2012 Business
Industry news, May 2012
Japanese drugmaker Takeda is to buy Brazilian company Multilab for up to 540 million Brazilian reals. Takeda will pay BRL500 million (£170 million) up front and the remaining BRL40 million as and when milestones are passed.
Multilab made sales of BRL140 million in 2011, primarily from generics and over-the-counter branded products, including its leading cold and flu brand Multigrip. Takeda says that the move will make it a top ten pharmaceutical company in Brazil, where it already has some activity.
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