Sanofi opens Spanish generics business
French drug major Sanofi-Aventis has regrouped its branded and non-prescription generics businesses into a new division - Pharmacy Healthcare - which it expects to generate between 10% and 15% of its total sales in Spain. The operation will also market older and more mature classic drug products.
The Spanish subsidiary posted sales of 911.2 million euros ($1.33 billion) in 2007. Antonio Anguera, Pharmacy Healthcare's director, said it expected to be among the 10 leading generics groups within five years.
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