Daily Management Review

Stada buys Nizoral


06/28/2018


The German pharmaceutical company Stada, specializing in the production of generics, announced acquisition of rights for Nizoral dandruff shampoo in the EMEA region. However, the company’s head Claudio Albrecht did not rule out a possibility of new acquisitions in the near future.



Janssen Pharmaceutica, a division of the international Johnson & Johnson corporation, sold the rights to Nizoral dandruff shampoo in the EMEA region (Europe, Middle East, Africa) to the German company Stada, specializing in the production of generics. The deal was not disclosed: the owners of Stada - private investment companies Bain and Cinven - declared this data confidential. Nevertheless, according to sources of the agency Reuters, which first reported about the deal, it is about € 200 million.

According to the company, last year the sales of Nizoral shampoo in the EMEA region amounted to € 33 million.
In an interview with Reuters, Acting CEO of Stada Claudio Albrecht noted that the company can announce new purchase deals even before he leaves his post in two months, transferring the management to the permanent general manager appointed Peter Goldschmidt.

According to Mr. Albrecht, the company intends to regain a significant number of products previously released under a license. In addition, Stada is going to strengthen its position in some countries of Eastern Europe (Poland, Slovakia, Hungary) and in the UK on the eve of its withdrawal from the EU. 

source: reuters.com






Science & Technology

Europe overtakes US by number of patents for self-driving car technologies

Samsung introduces display technology for folding screens

How retailers use technologies to increase sales

Facebook releases videochat devices Portal and Portal Plus

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

World Politics

World & Politics

Brexit Negotiators Of Both Parties Close Down On Irish Border Text, Reports RTE

Bloomberg: Theresa May can face catastrophic defeat in parliament

New Asian Foreign Policy May Be Set By Congress After Democrats Taking Control Of House

Italy refuses to change draft budget

Italy is about to tighten its migration policy

Macron calls to create a pan-European army

Signals Of Mending Of US-China Emerge Before Anticipated G20 Meet

Moscovici: the European Commission may impose sanctions on Italy