Faes Farma completed the acquisition of Global Farma for $30m.

Faes Farma, a national pharmaceutical company, completed the acquisition of Global Farma, a pharmaceutical company, for $30m. The purchase will provide Faes Farma with a strong commercial platform throughout the Central America-Caribbean region that will allow it to reinforce the promotion of its original products with a 2020 sales value of over 6 million dollars in this region, in addition to an industrial plant for solids, liquids and injectables and to have an efficient development unit for new brand products that will allow the group's portfolio to be nurtured in Latin America and Africa, as reported to the National Securities Market Commission.