Guizhou Xinbang Pharmaceutical paid $323 million to acquire Chinese Peptide Company, located in Hangzhou, from the nine companies that owned it. In addition, Xinbang raised as much as $106 million, which it will use to expand CPC’s peptide production capacity. Founded in 1997, CPC describes itself as a high-quality, reasonable-cost maker of peptides and IVD reagents.
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