Richter to Sell Grunenthal Products in Brazil
Image by gedeonrichter.com
Hungarian pharmaceutical company Gedeon Richter on Tuesday announced a deal to sell the women's healthcare products of German peer Grunenthal in Brazil, according to a report by state news wire MTI.
The agreement, signed by the local units of Richter and Grunenthal, includes the oral contraceptives Belara and Belarina and food supplements used in pregnancy and lactation.
The partners will draw on Richter Brazil's "expertise and dedicated team" and the "excellent quality and strong brand heritage" of the Grunenthal products.
Richter chairman Erik Bogsch said the agreement marks another step on the way to becoming a "global player" in the women's healthcare market. Richter remains committed to expanding its women's healthcare portfolio, organically and inorganically, in numerous regions of the globe, including Latin America, he added.
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