Augment Investments has announced to acquire additional 10.032% stake in Pharmstandard OJSC, from Bristley Enterprises, to become a 79.8% stake holder in the company, upon the completion of the transaction.

According to the transaction, Augment will hold 15.2m global depository receipts (GDS) of Pharmstandard.

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Pharmaceutical company Recordati S.p.A has invested $144.6m to acquire 100% share capital of Italchimici S.p.A.

The company expects that the acquisition will help expand its gastroenterology products, as well as strengthen its portfolio.

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