Sinopharm Group and China NT Form $33 Million Acquisition Company
9/12/2013 1:01:25 PM
by Richard Daverman, PhD
September 12, 2013 -- Sinopharm and China NT Pharma Group will form a special purchase vehicle with capital of 200 million RMB ($33 million). The SPV will make acquisitions as a means of building a specialized vaccine and cold-chain drug distribution operation in the Shanghai area. China NT Pharma, like Sinopharm, is involved in drug distribution. Sinopharm will own 60% of the SPV and China NT will own the remaining 40%. More details....
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