Douglas Pharmaceuticals says US drugs market will soon be largest, most lucrative

Fri, 16 Sep 2016

By Fiona Rotherham Sept. 16 (BusinessDesk) - Douglas Pharmaceuticals, New Zealand’s largest drugs developer and manufacturer, expects the US market to become its biggest, overtaking the European Union, in the near future as new drugs it has under development come to market. The Auckland-based company was founded in 1967 by the late Graeme Douglas, who died last week at the age of 87. He started the business empire in the back of his Te Atatu chemist shop when he made a cough syrup called Kofsin that he sold himself and through other pharm...

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