Sanofi-Aventis completes acquisition of Chattem
French pharmaceutical group Sanofi-Aventis has completed its acquisition of 100% of Chattem, a US-based provider of branded over-the-counter healthcare products, toiletries and dietary supplements, which is now a wholly owned subsidiary of the Sanofi-Aventis Group.
French drugs maker Sanofi-Aventis Monday said it is entering the US over-the-counter drugs market by buying Chattem Inc., the maker of Icy Hot pain reliever, for $1.9 billion.