Pharmaceutical giant targets Sligo firm for buyout

A multinational firm that employs 225 people in Sligo has become a buyout target for some of the biggest pharmaceutical firms in the world.

28th March, 2009

A multinational firm that employs 225 people in Sligo has become a buyout target for some of the biggest pharmaceutical firms in the world.

Stiefel Laboratories, which specialises in dermatology products, could sell for up to $4 billion, with Johnson & Johnson, Novartis and GlaxoSmithKline among those mooted as bidders. All three companies also have significant operations in Ireland.

Stiefel claims to be the biggest independent dermatology company in the world, with products including acne treatments and...

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