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

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

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

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

Apple takes up to develop Apple Watch for health monitoring

Hyperloop is growing in Europe

Analysts: US gamers prefer mobile games

Google Assistant Winner Of Head-To-Head Test Of Digital Assistants, Beats Siri And Alexa

World Politics

World & Politics

Ex-Brexit Minister Said A ‘Reset’ Is Needed For Brexit Talks

10 countries with the best healthcare systems

Foreign Experts To Be Allowed By North Korea For Permanent Destruction Of Missile Sites

Ireland recovers €14.3 billion from Apple

Is China going to cancel its birth limit policy?

The US is ready to start negotiations with China

US and China start 5G race

Is Czech Republic posing a threat to the European Union?