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HYDERABAD, India — Indian generic drug maker may end its five-year stint as a retail pharmacy operator, according to published reports.
The Hindu Business Line reported Thursday that Natco was considering the sale of the SaveMart Pharmacy store in Lancaster, Pa.
A company official said the store was doing well, according to the article, but it did not fit its current business strategy. Natco was the first Indian drug company to operate pharmacies in the United States, operating a small handful of pharmacies since 2006, when it acquired a majority stake in a company operating a store in New Jersey, though it sold that store in January. It acquired SaveMart in 2007.