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Shanxi Taxus Pharma Plans To Acquire California Pharma



2/28/2014 12:06:13 PM

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by Richard Daverman, PhD

February 28, 2014 -- Shanxi Taxus Pharmaceutical will pay $5 million to acquire an 80%-90% stake in a California therapeutics company. Taxus has not disclosed the name of the acquisition target. However, Taxus says the target is developing regenerative products and a diabetes treatment. Taxus grows yew trees, from which it produces the chemotherapy paclitaxel, a treatment for breast and ovarian cancer. More details....

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