Richter Gedeon Vegyeszeti Gyár Nyilvánosan Muködo Rt : Extraordinary Information
February 07, 2023 at 03:18 pm IST
Share
Richter acquires company in Ireland
Budapest, Hungary - 07 February 2023 - Gedeon Richter Plc. ("Richter") today announced that it has acquired from shareholders of Consilient Health 100% control of OC Distributors Ltd, an Ireland based company holding the marketing and distribution rights of a number of women's healthcare products. The transaction value is GBP 32.5 million.
"This agreement brings a meaningful expansion to sales levels achieved in the UK and Ireland by Richter's unique OC franchise," - said Erik Bogsch, Chairman of the Board. "We are very pleased that Richter's market presence in its core female health franchise will be further strengthened in these markets."
About Richter
Gedeon Richter Plc. (www.gedeonrichter.com), headquartered in Budapest/Hungary, is a major pharmaceutical company in Central Eastern Europe, with an expanding direct presence in Western Europe, in China, in Latin America and in Australia. Having reached a market capitalization of EUR 4.4 billion (USD 5.0 billion) by the end of 2021, Richter's consolidated sales were approximately EUR 1.8 billion (USD 2.1 billion) during the same year. The product portfolio of Richter covers many important therapeutic areas, including Women's Healthcare, Central Nervous System and Cardiovascular areas. Having the largest R&D unit in Central Eastern Europe, Richter's original research activity focuses on CNS disorders. With its widely acknowledged steroid chemistry expertise, Richter is a significant player in the Women's Healthcare field worldwide. Richter is also active in biosimilar product development.
For more information:
Investors:
Katalin Ördög:
+36 1 431 5680
Media:
Zsuzsa Beke:
+36 1 431 4888
Attachments
Original Link
Original Document
Permalink
Disclaimer
Gedeon Richter plc published this content on 07 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2023 09:41:26 UTC.
Richter Gedeon Vegyeszeti Gyar Nyrt is a Hungary-based company engaged in the research, development, production and marketing and trade of pharmaceutical products. The Companyâs business is structured into three segments: the Pharmaceuticals segment, which includes the companies that are involved in the Companyâs core business, including research, development and production of pharmaceutical products; the Wholesale and retail segment covers distribution companies and pharmacies that are part of the sales network in various regional markets and, as such convey its products to consumers, and the Other segment presents all the other consolidated companies that provide marketing and sales support services. The Companyâs subsidiaries include, among others, Gedeon Richter Romania SA, Gedeon Richter Polska Sp Z.o.o., and ZAO Gedeon Richter-RUS.