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Examples
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Kalbe Jawad on a cushioned political fence the other a fighter Agha Roohie
2006 December 17 « bollywoods most wanted photographerno1 2006
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Kalbe Jawad on a cushioned political fence the other a fighter Agha Roohie
The Dead Poets Society « bollywoods most wanted photographerno1 2006
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The objective is to "create a bigger Kalbe," Vidjongtius said, adding that the Philippines and Singapore have been identified as growth areas.
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Kalbe gets 95 percent of its revenue from Indonesia, where it has 13 percent of the market for prescription and over-the- counter medicines, Vidjontius said.
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Sept. 30 Bloomberg -- PT Kalbe Farma, Southeast Asia's largest drugmaker, created a three-person team to help it find acquisitions in the region, including producers of consumer health-care products, Chief Financial Officer Vidjongtius said.
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That would broaden Kalbe's product range, mitigating the threat of competition, said Andy Ferdinand, who tracks the drugmaker for PT Batavia Prosperindo Sekuritas in Jakarta.
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Kalbe has about $150 million in cash and could use treasury stock to boost funding if necessary, Vidjongtius said.
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Kalbe, which makes prescription drugs and nutrition supplements, hired a former Unilever executive to oversee the task, he said.
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Southeast Asian companies have made at least $211 million of acquisitions in pharmaceuticals over the past five years, with the biggest being Kalbe's $48 million purchase of Indonesian drug distributor PT Enseval Putera Megatrading, according to data compiled by Bloomberg.
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Still, Kalbe is seeking a broader geographic base and is selling in eight other Asian markets as well as Nigeria and South Africa.
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