Eurofarma Acquires Laborátorios Gautier

The generic drugmaker Eurofarma has further consolidated its presence in the Latin American market with the acquisition of Laborátorios Gautie - the seventh largest pharmaceutical company in Uruguay, which is also present in Paraguay and Bolivia. This acquisition represents Eurofarma's ambitious plans to be present in 95% of the Latin American market by completing at least one acquisition per year. The firm's impressive sales growth of 22% in 2009 has been attributed to its strategy to produce low-cost generics targeted at the large proportion of populations outside main capital cities, while multinational companies focus their sales force solely on the large consumption centres.

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