Zhejiang ChiMin Pharma Stages $47 Million IPO In Shanghai

Zhejiang ChiMin Pharma recently completed an IPO on the Shanghai Stock Exchange, raising $47.4 million. The company specializes in generic IV solution drugs. ChiMin has been designated a National Hi-Tech Company. The transaction shows that China's stock exchanges are not completely closed to life science initial public offerings, even though they seem to occur only infrequently.

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