{"id":12271,"date":"2012-07-10T12:26:27","date_gmt":"2012-07-10T10:26:27","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/update-1-s-africas-adcock-buys-cosme-farma-for-86-mln\/"},"modified":"2012-07-10T12:26:27","modified_gmt":"2012-07-10T10:26:27","slug":"update-1-s-africas-adcock-buys-cosme-farma-for-86-mln","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africas-adcock-buys-cosme-farma-for-86-mln\/","title":{"rendered":"UPDATE 1-S.Africa&#8217;s Adcock buys Cosme Farma for $86 mln"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Deal boosts presence in India<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* To fund the deal with cash<\/p>\n<p> (Adds details)<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 10<\/span> (Reuters) &#8211; South Africa&#8217;s No.2 drugs<br \/>\nmaker Adcock Ingram has agreed to pay $86 million for<br \/>\nIndian medicines business Cosme Farma, it said on Tuesday,<br \/>\nbulking up its presence in the high-growth $16 billion market.<\/p>\n<p><span><\/span><\/p>\n<p>Under the deal Adcock, which already has a small<br \/>\nmanufacturing operation in the Asian country, would pay 90<br \/>\npercent of the purchase price up front and in cash and the<br \/>\nremainder would be paid after six months.<\/p>\n<p><span><\/span><\/p>\n<p>Goa-based Cosme Farma distributes products in several<br \/>\ntherapeutic classes such as gynaecology, gastro-intestinal,<br \/>\ndematology and orthopaedic.<\/p>\n<p><span><\/span><\/p>\n<p>Adcock has been dwarfed by larger rival Aspen Pharmacare,<br \/>\nwhich has made an aggressive push into overseas markets in<br \/>\nrecent years.<\/p>\n<p> (Reporting by Tiisetso Motsoeneng; Editing by Mike Nesbit)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Deal boosts presence in India * To fund the deal with cash (Adds details) JOHANNESBURG, July 10 (Reuters) &#8211; South Africa&#8217;s No.2 drugs maker Adcock Ingram has agreed to pay $86 million for Indian medicines business Cosme Farma, it said on Tuesday, bulking up its presence in the high-growth $16 billion market. Under the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12271","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12271"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12271\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}