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Procaps is under an internal investigation launched by the company's audit committee.

"Procaps is a unique company with tremendous potential," said Vieira, who will officially take over the CEO role on January 15.

Many of these molecules, if approved, will likely be introduced to our region for the first time," said Dr. Camilo Camacho, COO of Procaps Group.

Barranquilla-based pharmaceutical company Procaps Group (NASDAQ: PROC), has announced that it will build a new gummy manufacturing facility to meet rising global demand for its Funtrition gummy nutraceutical and medical chewable products. Funtrition is an oral delivery system for...

Angelini holds an MBA in Finance from Insper Instituto de Ensino e Pesquisa, Brazil, and is fluent in English, Spanish and Portuguese.

Procaps indicates that the additional facility will expand its production capacity in the US by 1.8 billion softgel capsules.

Procaps reported double digit revenue growth in 4 of 5 business units driven by market share gains & new product launches.

This transaction values Colombia-based Procaps at approximately $1.1 billion with approximately $160 million in gross cash proceeds.