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Foreign firms intent on stronger foothold in Vietnam’s pharma industry
By Phuong Dong December 15, 2020 | 02:32 pm GMT+7
A staff works in a lab of DHG Pharmaceutical Jsc in southern Vietnam. Photo courtesy of the company.
Foreign firms are pouring increasing sums of money into acquiring stakes in Vietnamese pharmaceutical firms, targeting larger market shares in a thriving industry.
Dutch firm Stada Service Holding B.V. last month obtained permission from Vietnam s Pymepharco to increase its ownership in the Phu Yen Province-based company to 100 percent.
Stada had increased its stake in Pymepharco by six percent to nearly 76 percent last week. The deal is estimated at around VND380 billion ($16.4 million), based on closing stock price on December 11.