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Humanwell Healthcare Buys China Distributor of Roche Diagnostics Corporation (ROG.VX) Tests for $122 Million


6/18/2012 8:20:44 AM

by Richard Daverman, PhD

June 15, 2012 -- Wuhan Humanwell Healthcare will pay 776 million RMB ($122 million) to purchase an 80% stake in Beijing Baron Medical Equipment, the largest distributor of Roche’s in-vitro diagnostic products in China. Baron Medical also began distributing Diagnostic Technology’s blood coagulation products in Beijing two years ago. To pay for the acquisition, Humanwell will raise 1 billion RMB ($157 million) in a private placement. More details....

Stock Symbol: (SHA: 600079)


Read at ChinaBio Today

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