Ranbaxy picks up another European generics company

03/30/2006 | NYTimes.com

One day after buying Romanian drugmaker Terapia, India's Ranbaxy Laboratories Ltd. announced the acquisition of Belgium-based generic drug producer Ethimed. On Monday, Ranbaxy announced the purchase of GlaxoSmithKline's generic business in Italy, with all the takeovers part of a major expansion in the European market.

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