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Recordati buys ArtMed International in Romania

This article was originally published in Scrip

Executive Summary

Recordati has acquired Romania's ArtMed International together with the rights to products being promoted by ArtMed, for €1.2 million plus an additional fee that will depend on gross profit from sales of five products under license. The deal is in line with Recordati's plans to expand operations into the new markets of central and eastern Europe.

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