ECO Animal Health takes over Ecopharma



05 January 2010 @ 09:16 am BST

ECO Animal Health has taken full control of Ecopharma after buying the 80% of the firm's shares which ECO did not already own.

The consideration of Yen180m (£1.23m) has been satisfied in full from the group's cash resources.

This acquisition strengthens ECO's position in the Japanese market where Tokyo-based Ecopharma is a major distributor of pharmaceutical products for animals including Aivlosin, ECO's patented macrolide antibiotic.

Story provided by Business Financial Newswire

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