AB "Sanitas" is one of the oldest and largest pharmaceutical companies in Lithuania. The company produces and markets non-proprietary medicinal products – injection preparations, tablets, capsules, eye drops. It was acquired by Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) in 2011.
History
Sanitas was established in 1922.[1] As a public limited liability company Sanitas was registered in the Republic of Lithuania in 1994. In the same year its shares were listed on the National Securities Exchange. From 19 August 2011 the controlling shareholding (99.4 percent) in AB Sanitas is held by Valeant Pharmaceuticals International. The General Manager of the company is Saulius Mečislovas Žemaitis, the company currently employs about 110 people.
- In 1922, AB Sanitas was established in Kaunas – a pharmaceutical laboratory[2] producing cosmetics.
- In 1994, Sanitas was privatized, and its shares were listed on the National Securities Exchange.