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PROCORDIA SHAREHOLDERS CREATE PHARMACIA

 DUBLIN, Ohio, Nov. 10 /PRNewswire/ -- The shareholders of Procordia AB met in Stockholm, Sweden today and voted to separate its health care business from its branded consumer goods business. The health care company will be named PHARMACIA.
 PHARMACIA will include Kabi Pharmacia, Farmitalia Carlo Erba, Antibioticos and Adria Laboratories as well as Pharmacia Biotech, Pharmacia Biosensor, and Pharmacia Deltec. The official name changes for the individual companies not already carrying the PHARMACIA name will take place country-by-country as the companies are formally merged.
 PHARMACIA is a research intensive company with international operations in health care and biotechnology. Today, PHARMACIA becomes one of the 20 largest pharmaceutical companies in the world with 20,000 employees and a total sales of close to SEK 25 billion ($US 3 billion).
 In the United States, PHARMACIA is consolidating its pharmaceutical business headquarters in Columbus, Ohio. "Consolidation of the Adria and Kabi Pharmacia businesses in the United States creates an exciting opportunity to combine the strengths of our individual companies into a single integrated business with a large enough critical mass to contribute to pharmaceutical research and development in an important way," stated Fernando Correa da Costa, president of the two merging companies.
 PHARMACIA has leading positions in several specialty areas in which the company has developed leading edge technology, such as growth hormone deficiency, eye surgery, anticancer and immunology products, nutrient solutions for intravenous delivery, allergy diagnostics in conjunction with blood samples, and smoking cessation.
 -0- 11/10/93
 /CONTACT: Magnus Moliteus of Procordia US Inc., 908-457-8001 or Bethany Beck of Adria-Kabi Pharmacia, 614-764-8162/


CO: Procordia AB; Pharmacia ST: Ohio IN: MTC SU:

WB-LG -- NY074 -- 2831 11/10/93 14:31 EST
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Publication:PR Newswire
Date:Nov 10, 1993
Words:278
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