Delay in privatization of Antibiotice Iasi.

Pharma Marketletter | April 2, 2007 | Copyright

The privatization of Romanian pharmaceutical company Antibiotice Iasi has been delayed but is expected to be completed by the middle of this year, according to the relevant government authorities. However, the drugmaker's general manager has said that the process may not be finished before the end of 2007.

Teodor Atanasiu, the president of the Authority for State Assets Recovery (AVAS), the body that oversees state-owned companies, said that the delay has been caused by the long process of selecting a financial consultant. Mr Atanasiu added that offers for the ...

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