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The Orange County Register, Calif., Business Briefs Column.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, July, 2000
Jul. 7--ICN PURCHASES SWISS DRUG MAKER SOLCO: ICN Pharmaceuticals Inc., the Costa Mesa-based drug maker, said Wednesday that it purchased a small Swiss drug maker, Solco Basel AG, as part of its ongoing effort to broaden its skin-care product line and boost its overseas presence. Terms were not disclosed.
Solco specializes in dermatological products; the company generated sales of $28 million in 1999. During the same period, ICN took in $774 million in sales and royalty revenue.
The acquisition of Solco, which employs about 250 workers in Basel, Switzerland, is ICN's latest foray into the European skin-care market. Last week, ICN purchased a U.K.-based technology company that has developed a laser-based wrinkle remover.
Dermatological...
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