Pharmstandard to Spin Off Over-the-Counter Business

The Moscow Times
The new company that is going to take over major drugmaker Pharmstandard’s over-the-counter business will assume the name OTCpharm, a news report said Thursday.
OTC stands for over the counter.
The new legal entity will have a share capital of 15 million rubles and will be split into 151 million shares, of which nearly 38 million will belong to Pharmstandard, Vedomosti reported.
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