Bayer unit buys marketing, distribution network of Pharmonyx |
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Published
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Tue, 20 Feb 2007 17:13
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FRANKFURT (AFX) - Bayer AG unit Bayer HealthCare said it has taken over the marketing and distribution network of Pharmonyx Ltd in Russia, Belarus, Ukraine and Kazakhstan for an undisclosed amount.Pharmonyx has been responsible for marketing and distributing Bayer HealthCare products in these countries since 1999.Bayer HealthCare said it will take on 219 staff as part of the transaction.Arthur Higgins, the management board chairman of Bayer HealthCare, said in a statement the deal is to 'strengthen our presence in the fast-growing Eastern European region.'newsdesk@afxnews.comjfb/twCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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