Sihuan Pharmaceutical Holdings Group Ltd. Acquires TCM Cardiovascular Drug Maker for $120 Million

Published: Jun 23, 2011

June 23, 2011 -- Sihuan Pharmaceutical paid 775 million RMB ($120 million) to acquire two China drug companies, Vinise Pharma and Hainan Litzman Pharma. The transaction adds to Sihuan’s portfolio of treatments for cardio-cerebral vascular diseases by taking the company into TCM preparations – Vinise Pharma’s specialty – for the first time. Vinise also has expertise in large-volume injections, another new area for Sihuan. More details....

Stock Symbol: (HK: 0460)

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