Moberg Pharma acquires U.S OTC brand Balmex®
STOCKHOLM, April 27, 2015. Moberg Pharma AB (OMX: MOB) has acquired Balmex®, a well-established Over-The-Counter brand in the U.S. from Chattem, Inc, the U.S. Consumer Healthcare Division of Sanofi. Net sales of the brand is trending on an annual rate exceeding $4 million. The purchase price is $3.9 million and financed by available cash resources.Balmex® is an established and trusted brand among parents with products used for diaper rash, primarily in babies. An adult line for soothing skin irritations was launched in 2013. The brand will be sold through Moberg’s current OTC channel in the