iDeals™ Solutions News and Events

iDeals™ Virtual Data Room service

Abbott $495M acquisition of Veropharm using iDeals™ Virtual Data Room

June 23, 2014

iDeals™ Virtual Data Room platform is being used to securely exchange deal-related documents by all parties involved in Abbot’s $495M acquisition of Russia-based Veropharm

US-based Abbott Laboratories announced a definitive agreement to acquire Russian drugmaker Veropharm. Under the terms of the agreement, Abbott will buy Garden Hills, a holding company that currently owns a controlling interest in Veropharm, for between RUB13.6 billion and RUB17 billion (or approximately $395 million to $495 million) depending on Garden Hills' share ownership of Veropharm at time of close.

Abbott said that with the acquisition it will acquire a portfolio of more than 100 products and expects the acquisition to add approximately $150 million in sales in 2015.

The US company, which has been operating in Russia since 1978, said the deal would allow it to establish a manufacturing presence in the country. Veropharm has three pharmaceutical manufacturing sites in Pokrov, Belgorod and Voronezh.

iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.

For further information, visit the iDeals™ Solutions website ( or contact the nearest office in your region:

New York

44 Wall Street, 12th Floor, NY 10005, USA

+1 888 822 5141
+1 646 843 6060


Albert Buildings, 49 Queen Victoria Street, London EC4N 4SA, United Kingdom

+44 (0) 203 514 2571

+44 (0) 800 048 8172

Hong Kong

51/F Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong

+852 5808 2376



Maslak Mh Sogut Sk C 14 Blok 20 S D 67, Maslak - Sariyer, Istanbul, Turkey

+90 212 988 0244


3 Glinischevsky Pereulok, Moscow, 125009 Russia

+7 495 660 38 64

+7 800 333 4807


6, Vadyma Hetmana street Kyiv, 02000, Ukraine

+38 044 594 6933