Global pharmas looking at acquiring nutraceutical companies as part of their business strategy

Global pharmaceuticals companies are looking at expanding their nutraceutical business by doing more merger and acquisitions. Bayer has announced that it would pay $1.2 billion for Schiff Nutrition International, a US maker of vitamins and supplement. Pharmas see vitamins as a huge growth area. Schiff has reported that its sales would rise by half in 2012. DSM, the dutch group, …