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Press Room
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SGF Takes Part in Paladin Labs Inc.'s Growth Plan
Montréal, June 11, 2009 — 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 symbol PLB.
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.
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Source:
Sophie Alarie
Senior Consultant, Communications and Media Relations
Société générale de financement du Québec
Tel. 514 876-9368
salarie@sgfqc.com
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