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Richter considering expanding range of acquisitions

Pharma

Image by Richter.hu

Hungarian pharmaceutical company Gedeon Richter is mulling an expansion of its range for potential acquisitions, CEO Gábor Orbán said in an interview published in business daily Világgazdaság.

"We're looking for targets, and we even have to broaden our range of potential acquisition targets in view of royalties from our American sales partners, AbbVie," Orbán told the paper.

"In the past, we've focused more on acquiring products or portfolios and less on companies, and especially not infrastructure. Now we have to think in terms of a slightly broader range. At the moment, the management is discussing in what direction that range should be broadened," he said.

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