Valeant buys Russia’s Natur Produkt for $180 mlnMarch 26, 2012 - 19:36 AMT PanARMENIAN.Net - Acquisition-hungry Valeant Pharmaceuticals International Inc said it agreed to buy Russian pharma company Natur Produkt International, JSC for about $180 million to tap into the over-the-counter (OTC) market in the country, Reuters reported. The deal also includes an additional $5 million in potential future milestones and is expected to close by mid-year 2012, Valeant said in a statement. Natur Produkt, which was founded in 1993, owns brands such as AntiGrippin cough and cold remedy and Anti Angin, Sage and Eucaplyptus MA sore throat treatments. Earlier this month, Valeant bought some assets of Austrian pharmaceutical company Gerot Lannach, and in February, said it had agreed to buy Eyetech Inc and Brazil's Probiotica Laboratorios Ltd. Valeant expects the transaction to immediately add to its earnings. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. Armenia says ready to extend nuclear plant’s lifetime by 10 years Armenia has taken necessary measures to extend the lifetime of its nuclear power plant until 2036. Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. |