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Medicamen Organics Strengthens Presence in East Africa through Acquisition
Mumbai (Maharashtra) [India], October 9: Medicamen Organics Limited (MOL) (NSE- MEDIORG), one of the prominent players in the pharmaceutical sector, specialising in the development, manufacturing, and distribution of an extensive range of pharmaceutical dosage forms, is pleased to announce the signing of a Definitive Share Purchase Agreement on October 08, 2024, for the acquisition of [...]
Mumbai (Maharashtra) [India], October 9: Medicamen Organics Limited (MOL) (NSE- MEDIORG), one of the prominent players in the pharmaceutical sector, specialising in the development, manufacturing, and distribution of an extensive range of pharmaceutical dosage forms, is pleased to announce the signing of a Definitive Share Purchase Agreement on October 08, 2024, for the acquisition of a 51% stake in Depot Pharmacy YEGO Ltd, a pharmaceutical company based in Rwanda, making Depot Pharmacy YEGO its subsidiary.
This strategic acquisition marks MOL’s expansion into the East African market, enabling the company to strengthen its pharmaceutical distribution channels across the region. The Company is committed to maintaining and enhancing the operational capabilities of Depot Pharmacy Yego Ltd while working towards bringing more products in the market.
