August 6 (SeeNews) - Serbia's anti-trust regulator said it has cleared local drug maker Hemofarm, a unit of Germany's Stada, to take over the production, marketing and sales operations of Belgrade-based peer Pharmanova.
The deal, notified to the Commission for the Protection of Competition on July 8, also covers relevant licences and trademarks, the regulator said in a statement.
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Stada completed the acquisition of Hemofarm, located in Vrsac, in northeast Serbia, in 2006.