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3Novices:Shanghai Pharmaceuticals buys out Cardinal Health in China to become top distributor of imported drugs

Shanghai Pharmaceuticals Holding, one of China’s biggest pharmaceutical companies, said on Wednesday it had acquired US pharmaceutical company Cardinal Health’s China operations for about US$557 million, a move that will help it become the top distributor of imported drugs by type on the mainland.
The company said the transaction would be conducted through its wholly owned subsidiary Shanghai Pharma Century Global, which will purchase a 100 per cent stake in the wholly owned…
November 15, 2017 at 10:32AM http://ift.tt/2yDFLhG
#3Novices #News #OnlineMedia #China 3Novices China

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