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Multinational firms to speed up M&A moves
Published: 2012-10-23 07:00:00
Updated: 2012-10-23 07:00:00
Multinational drug companies will speed up their M&A moves as part of their efforts to beef up competitiveness.
The U.S. generics company Alvogen Group recently purchased 50.5 percent in shares of mid-sized Kunwha Pharmaceutical Co. Alvogen is said to invest 100 billion won for acquisition of Kunwha, whose sales were 68 billion won last year.
Industry analysts have interpreted the change ...
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