How it started
History
Sanitas was established in 1922. As a public limited liability company Sanitas was registered in the Republic of Lithuania in 1994. In the same year its shares were listed on the National Securities Exchange. From 19 August 2011 the controlling shareholding (99.4 percent) in AB Sanitas is held by Valeant Pharmaceuticals International. The General Manager of the company is Saulius Mečislovas Žemaitis, the company currently employs about 110 people.
In 1922, AB Sanitas was established in Kaunas – a pharmaceutical laboratory producing cosmetics.
In 1994, Sanitas was privatized, and its shares were listed on the National Securities Exchange.
In May 2004, Sanitas acquired a Lithuanian manufacturer of pharmaceutical preparations – AB Endokrininiai Preparatai.
On 21 November 2005, the shares of AB Sanitas were entered onto the Main List of NASDAQ OMX Vilnius securities exchange.
From Wikipedia’s article on Sanitas, shared under CC BY-SA 4.0.3