Issue Date: October 8, 2012
Sanofi To Purchase Colombian Drug Firm
Sanofi has agreed to acquire Genfar, a 45-year-old pharmaceutical company based in Bogotá, Colombia. With sales of $133 million in 2011, Genfar produces generic, over-the-counter, and prescription drugs for human and animal health. Genfar is the second-largest generic drug company in Colombia, Sanofi says, and also does business in other Latin American countries. With $4.2 billion in sales in the region last year, Sanofi is the biggest multinational drug company in Latin America, according to Deutsche Bank.
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