Saturday, May 26, 2012

Gout Treatment maker expanding

Takeda Pharmaceutical Co. (4502), Asia’s largest drugmaker, agreed to buy closely held Multilab Industria e Comercio de Productos Farmaceuticos Ltda. for 500 million reais ($246 million) to gain a sales network in Brazil.

Multilab, based in Sao Paulo, has a well established distribution network of regional wholesalers and small- to mid- size independent pharmacies in emerging regions of the country, according to the statement. This is the second acquisition announced by Takeda this year after it agreed last month to buy closely held URL Pharma Inc. to gain a new gout treatment.

See Bloomberg for the remainder of the article about this pharmaceutical which makes gout treatments.

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