Actavis Acquires Pharma Avalanche
Actavis Group (ACT), the international generic pharmaceutical company, announces that it has acquired the Czech generic pharmaceutical company Pharma Avalanche. Financial details were not disclosed. Headquartered in Prague, Pharma Avalanche was established in 2000 and currently employs 30 people. Its primary focus is on the marketing and sale of generic pharmaceuticals on the Czech and Slovak Republic markets. The acquisition is not expected to have any material effect on Actavis' financial results.