Sanjiu Medical Pays $94 Million for China Medical Patch Maker

Published: Jan 17, 2013

by Richard Daverman, PhD

January 16, 2013 -- China Resources Sanjiu Medical & Pharmaceutical acquired a 97% interest in Guilin Tianhe Pharmaceutical Co., Ltd., a company that makes OTC patch products. The purchase price was estimated to be 583 million RMB ($94 million). Sanjiu’s patch products use TCM ingredients to treat orthopedic conditions, provide pain relief, lessen allergy problems or address other disorders. More details....

Stock Symbol: (SHE: 000999)

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