Shanghai Fosun Pharma Buys Majority of Hunan Dongting for $93 Million  
1/7/2013 1:20:20 PM

by Richard Daverman, PhD and Henry Ye

January 7, 2013 -- Shanghai Fosun Pharma continued to execute on its growth-by-acquisition strategy by paying $93 million for a 78% stake in Hunan Dongting Pharmaceutical Co., a company that makes CNS and hemostatic drugs. Donging’s major product is quetiapine fumarate, marketed in global markets as Seroquel, an AstraZeneca treatment for schizophrenia and bipolar disorder. More details....

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