Saturday, 21 April 2018 - 16:19
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Shanghai Fosun Pharmaceutical

China’s big pharma targets India

After acquiring Gland Pharma for $1bn, China-based Fosun Pharmaceutical is reportedly in advanced talks to acquire another Indian company. Fosun is now targeting Symbiotec Pharma, a company focused on steroids, which last year posted revenues of $62m. Symbiotec, subsidiary of…

Indian administration ready to block $1.3bn Fosun-Gland Pharma deal

India’s Government body Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, reportedly decided to forbid the China-based investment fund Fosun – owned by Chinese billionaire Guo Guangchang – to carry out the $1.3 billion takeover of India-based…

Fosun Pharmaceutical ready to make a bid for Stada

Reuters reported today, quoting people close to the matter, that Shanghai Fosun Pharmaceutical is about to place an offer for Stada, and possibly in Joint Venture with a buyout fund like CVC. Fosun Pharma is part of Fosun International, a…