Natco Pharma Limited has announced the acquisition of a pharmacy outlet, NICK's Drug Store based out of Newark, USA. The acquisition has been made by an American partnership firm, in which the company holds 75 per cent majority stake. | |
| For the year ended December 2005, the store is expected to post revenues of over $20 million with a net profit in excess of $1.7 million. |
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| The company believes that retail would be the key growth area and the store that has been acquired would only be the first one in a chain of acquisitions that the company proposes to make. |
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| Natco is also hoping that these stores would form a natural outlet for its generics as and when they are launched. |
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