When the branded generics that long sustained Schwarz Pharma began losing value, and former Big Pharma partners took on their own distribution, the firm realized it must change. The mid-sized European company determined to aggressively in-license products and also began looking for companies to acquire. To fuel its aspirations, Schwarz made an unusual move for a family-owned European company; it issued public stock as a way to get cash and acquisition currency.
by Deborah Erickson
In 1985, Schwarz Pharma AG of Monheim, Germany was a private, family-owned business. The company still sold some of the products introduced upon its founding immediately after World War...
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