Pursuant to Pfizer Products Inc, USA and Pfizer Corporation Panama's sale of Dumex trademark and the protein supplement brand Protinex to EAC Nutrition Limited, A/S, Denmark, Pfizer Ltd in India has successfully finalised phased sales transition and manufacturing support agreements for Protinex with its EAC Nutrition's Indian subsidiary EAC Trading Pvt Ltd.
EAC Nutrition Ltd is a Danish company with interests in food and Nutrition. These agreements would cover a three-year period commencing from December 01, 2002, the company has informed BSE.
These moves which will launch EAC Nutrition in the Indian market, involve phased sharing of revenues and profits and manufacturing of Protinex over a three-year period in addition to outright consideration of US$ 7 million to the Indian affiliate.