NZ's only drug giant, Douglas Pharmaceuticals, to keep it in the family

Fri, 30 Nov 2012

Nov. 30 (BusinessDesk) - Douglas Pharmaceuticals, a New Zealand-owned generic drug manufacturer serving local and export markets, is to stay in family ownership after testing the market, following numerous approaches from would-be buyers. Founder and managing director Graeme Douglas has backed keeping the Henderson-based company in family ownership after the company held a formal tender process through an information memorandum to prospective buyers.. A number of offers had been received over the years, but the firm said it was decided stayi...

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