Zeltia is a former Spanish pharmaceutical company which operated through a variety of subsidiaries in the pharmaceutical and chemical industries. As of 2007, Zeltia's research activities in the pharmaceutical area had not resulted in a marketed product.
However, the company's majority shareholder and chairman are the same person, which has relieved the pressure which many CEOs have experienced to produce immediate returns.
History
In 1993 Zeltia sells its subsidiary Cooper-Zeltia taking the name
CZ Veterinaria, which years later would be renamed
Zendal
Isabel Zendal Gómez (born 1773) was a Spanish nurse from Galicia (Spain), Galicia who took part in the Balmis Expedition (1803-1806, ''Real Expedición Filantrópica de la Vacuna''), which took smallpox vaccine, vaccination to South America and A ...
.
The company was taken over by its subsidiary
Pharma Mar in a reverse takeover, keeping the Zeltia's Group structure.
In 2018 PharmaMar sells Xylazel to the Dutch company AkzoNobel.
In 2019 PharmaMar sells Zelnova, the group's last subsidiary in Galicia, to the Galician investment company Allentia Invest for 33 million euros.
Subsidiaries
Direct
subsidiaries
A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...
as of 2009 were:
Pharma Mar, S.A.U.; Genómica, S.A.U.; Zelnova, S.A; Protección de Maderas, S.A.U; Xylazel, S.A.; Noscira, S.A.; Sylentis, S.A.
Indirect subsidiaries which are direct subsidiaries of Pharma Mar as of 2009 were:
Pharma Mar US; Pharma Mar AG; PharmaMar S.A.R.L.; Pharma Mar GmbH; Pharma Mar Ltd.
A single indirect subsidiary is a direct subsidiary of Zelnova, that being Copyr, S.p.A.
References
Financial
History
{{Authority control
Pharmaceutical companies established in 1939
1939 establishments in Spain
Companies based in the Community of Madrid
Pharmaceutical companies of Spain
Chemical companies of Spain
Companies listed on the Madrid Stock Exchange
Companies based in Galicia (Spain)