Sanofi (SNY) acquires Columbian pharmaceuticals manufacturer Genfar S.A. for an undisclosed sum....

|About: Sanofi (SNY)|By:, SA News Editor

Sanofi (SNY) acquires Columbian pharmaceuticals manufacturer Genfar S.A. for an undisclosed sum. Genfar is the second largest generic company in sales and leader in units in Colombia and has a commercial presence in Venezuela, Peru, Ecuador and ten other countries in Latin America. In 2011, its total sales were $133M, with 30% its receipts generated outside Colombia. The deal is expected to close in Q113.