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Olainfarm plans to invest up to two million euros in the purchase of a flexible medical device manufacturer in Germany, the chairman of the board said on Monday. , Olainfarm Salvis Rabbits, on the Nasdaq Riga Stock Exchange, the CEO of Meets Investors 2018.
"We have identified a manufacturer of flexible medical devices and compression in Germany, which has resumed talks.The transaction, if any, should not exceed 2 million euros.The conclusion of such an agreement could be very important to help our subsidiary Tonus Elast to increase sales in various Western European countries, which also tend to be quite protectionist in their markets with different certificates, "said Paukšis.
He said discussions with the flexible medical device manufacturer in Germany began with the need to further reduce the company's dependence on CIS markets.
Lapina also stated that Olainfarm was considering the possibility of developing activities in the field of veterinary medicine. Research in this area is just beginning and it will probably take a few more months to clarify the company's position on this issue.
He added that many of the active substances produced by Olainfarm are already used in veterinary medicine, including similar pharmaceutical forms. "In our case, that would mean we could reveal another segment, perhaps without significant capital investment," said Rabbits.
According to him, in the field of veterinary medicine, many pharmaceutical manufacturers account for about 15 to 20% of their turnover.
www.farmacija-mic.lv
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