MONTREAL, June 11 /CNW Telbec/ - Société générale de financement du
Québec (SGF) has concluded today a $5.1 million investment in Paladin Labs
Inc. (Paladin), a Montréal-based company. This transaction follows Paladin's
$51 million bought deal announced on May 21.
Market leader in the field of specialized pharmaceutical products,
Paladin wishes to pursue its growth objectives through product and corporate
acquisitions. Specifically, the company is exploring emerging and niche
markets, as well as other opportunities showing significant growth potential.
"This investment reflects one of the three orientations of SGF's strategic
plan, which consists in helping to accelerate the growth of high-performance
Québec-based companies," said Mr. Pierre Shedleur, President and CEO of SGF.
Through this investment, SGF will take part in Paladin's acquisition
strategy, which consists in seeking opportunities in a sustained manner to
fuel its growth. "Our support will allow this company to secure its dominant
position in Canada and benefit from positive growth outlooks provided by
emerging and niche pharmaceutical markets," concluded Mr. Shedleur.
Founded in 1996, Paladin Labs Inc., headquartered in Montreal, Canada, is
a specialty pharmaceutical company focused on acquiring or in-licensing
innovative pharmaceutical products for the Canadian market. With this
strategy, a focused national sales team and proven marketing expertise,
Paladin has evolved into one of Canada's leading specialty pharmaceutical
companies. Paladin's shares trade on the Toronto Stock Exchange under the
Société générale de financement du Québec (www.sgfqc.com) is an
industrial and financial holding company. Its mission is to carry out economic
development projects, especially in the industrial sector, in cooperation with
partners and in accordance with accepted requirements for profitability and
the Government of Québec's economic development policy.
For further information:
For further information: Sophie Alarie, Senior Consultant,
Communications and Media Relations, Société générale de financement du Québec,
(514) 876-9368, firstname.lastname@example.org