Hetero's European subsidiary buys Tarbis Farma

Hyderabad-based Hetero's European subsidiary Amarox Limited has acquired Tarbis Farma, SLU, a pharma company operating in Spain, for an undisclosed sum.

Tarbis Farma comes with a product portfolio and an extensive marketing network with well-experienced personnel in retail business across Spain. This acquisition will help Hetero to build a strong front-end marketing presence giving Amarox the required commercial infrastructure, product portfolio, manpower and a seamless entry into the retail, hospital and tender business channels in Spain.

AV Narasa Reddy, Executive Director of Hetero Labs Limited, said, "The acquisition fits very well with Hetero's growth strategy in European Union giving Amarox a platform to reach out to the customers in a robust way with the present portfolio and Hetero's pipeline of products."