Allergan Acquires Frumtost Pharmaceuticals.IRVINE, Calif.--(BUSINESS WIRE)--June 13, 1995--Allergan-Lok Productos Farmaceutcos Ltda., has purchased all of the shares of the Brazilian company, Laboratorios Frumtost SA Industrias Farmaceuticas, for an undisclosed amount. Allergan-Lok is a subsidiary of Allergan, Inc. (NYSE NYSE See: New York Stock Exchange :AGN AGN Again (Amateur Radio) AGN Active Galactic Nucleus AGN Acute Glomerulonephritis AGN Accountants Global Network AGN Air Gabon (ICAO code) ), and has been operating in Brazil for 25 years in the eye-care market. Frumtost has a product portfolio that encompasses ophthalmologic products as well as medications directed toward otorhinolaryngology otorhinolaryngology /oto·rhi·no·lar·yn·gol·o·gy/ (-ri?no-lar?ing-gol´ah-je) the branch of medicine dealing with the ear, nose, and throat. o·to·rhi·no·lar·yn·gol·o·gy n. and general medicine (aimed at treating allergies, inflammations, hypoglycemia hypoglycemia: see diabetes. hypoglycemia Below-normal levels of blood glucose, quickly reversed by administration of oral or intravenous glucose. Even brief episodes can produce severe brain dysfunction. , triglycarides, coughs and colds, among other conditions). Targeted investments in Latin America are part of Allergan's global expansion strategy, which has included two recently completed significant acquisitions in Argentina. "The acquisition of Frumtost illustrates our commitment to customers and patients through eye-care product expansion around the world," said Allergan President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. William C. Shepherd. "By expanding our product line with the combination of ophthalmology, otorhinolaryngology and general medicine products, we are able to provide leading-edge technology to better serve the people of Brazil." "Allergan's global resources and infrastructure will strengthen Frumtost's diverse product line, and supplement Allergan's focus on expanding its health-care presence in Brazil," said Carlos Zalduondo, managing director of Allergan-Lok Productos Farmaceutcos Ltda. "Obviously, this investment reflects Allergan's confidence in Brazil's future and the combination of Frumtost and Allergan-Lok will increase development and career opportunities for the employees of both companies." Allergan, Inc. a global health care company headquartered in Irvine, California, develops, manufactures, and markets specialty therapeutic products for eye and skin care and neuromuscular neuromuscular /neu·ro·mus·cu·lar/ (-mus´ku-ler) pertaining to nerves and muscles, or to the relationship between them. neu·ro·mus·cu·lar adj. 1. disorders. A technology-driven company, Allergan is working to be the partner of choice for ever better health care. CONTACT: Allergan, Irvine Jeff D'Eliscu, 714/246-4636 (work) 714/675-9475 (home) REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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