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Axellia enters U.S. OTC arena

This article was originally published in The Tan Sheet

Executive Summary

Danish firm Axellia Pharmaceuticals will use its newly acquired majority stake in Phoenix Global Supply Group to launch private-label OTCs in the U.S. and Canada. The Copenhagen-based firm manufactures anti-infective active pharmaceutical ingredients and intends to provide APIs, such as bacitracin and polymyxin B sulfate, for Phoenix to use in topical first-aid products. Axellia said May 18 its investment in White Plains, N.Y.-based Phoenix allows the "significant expansion of Axellia's presence in the international pharmaceutical market.
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