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Galenika, a state-controlled firm established in 1945, was the first company in former Yugoslavia to be acquired by a foreign partner.
ICN Pharmaceuticals, which acquired a 75% stake in the drug maker under a 1990 agreement, planned to use it as a platform for growth in eastern Europe.
California-based ICN was owned at the time by Serb-born U.S. businessman Milan Panic, who returned to his native country in 1992 to briefly serve as Prime Minister.
Serbia's government took over the Belgrade plant of
Full name: Galenika A.D. Beograd
Legal Form: Joint Stock Company
Operational Status: Operational
Incorporation Date: 30-Apr-91