Abbott Said To Acquire First U.S. Production Facility In Russia

Abbott Laboratories reportedly plans to buy a Russian production facility in a deal that could rank as the nation's third largest pharmaceutical acquisition. A government official said Abbott had applied to acquire NPO Petrovax Pharm LLC, a non-government organization, making Abbott the first U.S. pharma to own a production plant in Russia. Petrovax was ranked 12th largest Russian drug maker in 2011 when it reported $98 million in revenues. (Click here for more

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