Bayer to strengthen consumer business with Steigerwald acquisition
Germany’s Bayer (BAYN: DE) has signed an agreement to acquire 100% of the shares of Steigerwald Arzneimittelwerk GmbH, based in Darmstadt, a privately held pharmaceutical company specializing in pharmacy-only herbal medicines. Financial terms of the accord were not disclosed.
Steigerwald’s product portfolio includes Iberogast for the treatment of functional gastrointestinal disorders and Laif for the treatment of mild to moderate depression. The transaction is subject to fulfillment of the usual conditions, including antitrust clearance, and is expected to close at the beginning of July 2013.
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