2/24/2014 9:11:58 AM
by Richard Daverman, PhD
February 22, 2014 --Fosun Pharma and TPG, a US private equity company, teamed up to offer $369 million to take China hospital operator Chindex private; Harbin Gloria Pharma acquired Shanghai Huatuo Medical Science, a maker of TCM products, for $170 million; Tonghua Shuanglong Chemical paid $178 million to acquire Jinbao Pharma in a cash and stock deal; Citic Private Equity is reportedly seeking funds to buy Biosensors, a China cardiovascular device company that is worth $1.2 billion; Lee’s Pharma in-licensed China rights to tafoxiparin, a clinical-stage labor-inducing drug from Dilafor of Sweden; Solentim, a UK medical device maker, will market its CellMetric device in China through two China distribution companies; and Dr. Jonathan Wang discussed OrbiMed’s China investment strategies in an exclusive interview with ChinaBio® Today. More details….
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