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Hungary’s Egis Picks Up Skin-Care Portfolio From Teva

Strikes Deal For OTC Brand Neogranormon

 
• By Tom Gallen

Egis is the beneficiary as Teva again trims its OTC portfolio with the sale of Hungarian skin-care brand Neogranormon.

(Shutterstock)

Hungary’s Egis Pharmaceuticals has bolstered its OTC portfolio in its domestic market with the acquisition of skin-care brand Neogranormon from Teva Pharmaceutical Industries for an undisclosed sum.

The acquired Neogranormon portfolio is led by a zinc oxide-based ointment approved as an OTC drug in Hungary, which is said by Egis to stimulate the healing of skin injuries...

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