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Swedish pharma firm picks up Chattem's diaper rash brand.
April 27, 2015
By: Christine Esposito
Editor-in-Chief
Swedish pharma firm Moberg Pharma AB has acquired Balmex from Chattem, Inc., the US consumer healthcare division of Sanofi. The purchase price was $3.9 million, according to Moberg Pharma. According to IRI data for the 52 weeks ended Dec. 28, 2014, sales of Balmex baby ointments/creams fell 11% to $4.95 million. Swedish pharma firm Balmex will be sold through Moberg’s current OTC channel in the US, primarily in chain drugstores, such as CVS, Walgreens and Rite Aid and in mass retailers, such ...
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