About

Lafrancol, a pharmaceutical company with 100 years of history in Colombia, has been a subsidiary to Abbot Laboratories, a global pharmaceutical production giant, since Abbott purchased Recalcine Pharmaceutical Corporation of Chile in 2012. Lafrancol produces biosimilar and OTC products as well as prescription medicines for a wide variety of conditions. Tito Parra has been a legal counsel at Abbott since 1994 and was involved in the afroemetnioned takeover process. He is a specialist in public, administrative, health, IP and competition law and previously worked as an advisor in the Ministry of Finance. On his appointment to cover Lafrancol for Abbott a nominator said, ‘Tito has worked for Lafrancol for several years now and has always been collaborative and strategic with all legal matters, especially with handling the company’s trade union. [His] legal input has been critical for resolving several legal matters within the company’.