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www.oakvillebeaver.com The Oakville Beaver Weekend, Saturday January 27, 2007 - 5 International pharmaceutical giant buys ALTANA Pharma By David Lea fear. "There's no plan at this stage to lay off anyone, in fact we are ramping things up ALTANA Pharma Inc. has been sold. as an ALTANA Nycomed company." The pharmaceutical firm, whose While Nycomed has a presence in 50 Canadian head office is located on North countries it has no operations in Service Road, was acquired by Zurich- Canada, so no major changes are expectbased company Nycomed on Dec. 31 ed. with integration of the two companies "Here it's really business as usual for beginning on Jan.16. us with the opportuThe fellow phar- "There's no plan at this nity to bring more maceutical giant purproducts to stage to lay off anyone, in chased ALTANA Canadian patients," Pharma Inc. for fact, we are ramping things said Suk. approximately $6.4 up as an ALTANA Nycomed One thing that is billion. going to change is company." As ALTANA ALTANA's name Pharma is an inter- John Suk, CEO ALTANA which will legally national company Pharma, a Nycomed Company change to Nycomed implications of the in mid-2007. sale go far beyond Oakville or for that Suk said he is enthusiastic about the matter Canada. acquisition because of the access "Nycomed is buying ALTANA Pharma ALTANA will have to Nycomed's all around the world not just the resources. Canadian operations," said John Suk, "With its compatible product portfowhose job title has changed from CEO of lio, integration of the two companies ALTANA Pharma Inc. to CEO ALTANA creates an outstanding new healthcare Pharma, a Nycomed company. company in the global pharmaceutical "We have operations in Germany, we industry, with increased market have operations in South America and strength and enhanced product develall throughout Europe and Nycomed is opment and licensing capabilities." buying all of those," he said. Nycomed is active in such therapeuDespite the dramatic shift in owner- tic areas as cardiology, gastroenteroloship Suk says ALTANA Pharma's gy, osteoprosis, respiratory and pain Canadian employees have nothing to and tissue management. SPECIAL TO THE BEAVER EXPERIENCE THE CV750 · 490 Air Watts of Power · Cleanstream Hepa type Filtration · Complete with economy electric ensemble · model C2573400 HALTON VACUUM DEPOT DIFFERENCE POWER PERFORMER ter Brand Selection! n W i nce e ar a Cl 490 WE CARRY QUALITY CLEANING PRODUCTS FROM THE LEADING BRANDS. Only MSRP $809.99 $ included: 549 99 Canister · 12 amp · power brush · tools on board · cord rewind Upright · 13" wide · 12 amp · HEPA · tools and hose Save $260 · Powerhead with cord management · 30' Electric Hose with handle · 7 piece Tool Set # 6852 $ 299 99 # 2900A $ 99 99 N UP PE R M Save $100 DU ND AS ST .E . Save $30 SALES · SERVICE · SELECTION · QUALITY BRANDS · INSTALLATION HALTON'S TRUSTED FLOOR CARE SPECIALISTS! L ST .W . ID DL ER D. E. 2379 Trafalgar Road 905-257-6145 Mon.-Fri.9:30-6:00 Sat. 9:30-4:00, Sun. CLOSED DU ND Trafalgar Ridge Shopping PLaza (in the Winners/HomeSense plaza a) Beside Scotia Bank TR AS AF AL GA R RD .