Biotech Values

[Titan V]

Fast-growing Chinese pharma to plant foot in San Diego, hunting deals in US and Europe
https://endpts.com/fast-growing-chinese-pharma-to-plant-foot-in-san-diego-hunting-deals-in-us-and-europe/

A multi-billion dollar Chinese pharma conglomerate, blessed with municipal government backing, is spreading its wings to the US and Europe with eyes on R&D, manufacturing and distribution.

The company, called Shanghai Pharma, is hunting for American corporations and research institutes it can partner with and acquire China rights from to bolster its distribution business (which recently got a boost with the $557 million acquisition of Cardinal Health’s China unit).

“We do not necessarily have to buy out US firms, we can first become their shareholder and business partner to explore synergies in market and product development… and we intend to keep the targets’ management team and operating systems after such potential acquisitions,” chairperson Zhou Jun told South China Morning Post.

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