Apotex buys Spain's Lareq Pharma
Canadian generic drugmaker Apotex has bought Spanish counterpart Lareq Pharma for an undisclosed sum from Industria Quimica Y Farmaceutica VIR SA. Lareq, which is the 13th largest player in Spain's generics sector, currently has 12 pending product registrations, several near-term launches planned and numerous drugs in development. Apotex said that the acquisition, which follows its recent purchase of the Belgian unit of Italy's Zambon group (Marketletter November 26), is an important move for the firm and further extends its presence in the European market.
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