Sanofi acquires Mexico's Kendick
Further confirming the interests of its new chief executive, Chris Viehbacher, French drug major Sanofi-Aventis has made another acquisition in an emerging market, in a move to accelerate sales growth and exten its pharmaceutical portfolio. Through a local subsidiary, it has bought Laboratorios Kendrick, an important player in Mexico's generic drug sector, with sales of around 500.0 million pesos ($34.7 million) and a reported 15% share of domestic copy-drug turnover. Financial terms of the transaction were not disclosed.
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