OREANDA-NEWS. July 21, 2008. Sorainen Vilnius and Minsk offices in cooperation with Clifford Chance advised Bayer HealthCare Pharmaceuticals, a leading global marketer of over-the-counter (OTC) medications and nutritional supplements, in its acquisition of Sagmel Inc, a US pharmaceutical company involved in developing, manufacturing, and marketing of OTC drugs and nutritional supplements in the Baltics and Belarus, reported the press-centre of Sorainen.

Bayer HealthCare has also acquired Sagmel in Russia, the Ukraine, Kazakhstan, and several Caucasian and Central Asian countries.

The Sagmel portfolio delivered net sales of approximately 80 MEUR in 2007. The advice also involved establishing a subsidiary and accrediting a second representative office in Belarus.

The client was advised by partners Maksim Salahub, Vasili Valazhynets, and associate Tatsiana Klimovich from Minsk office and partner Laimonas Skibarka and senior associate Liudas Ramanauskas from Vilnius office.