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by Richard Daverman, PhD
August 2, 2013 -- Daewoong Pharma, the largest manufacturer of prescription drugs in South Korea, will pay $16 million to acquire Liaoning Baifeng of China. Daewoong will invest another $16 million to bring Baifeng’s facilities up to EU standards by 2017. It plans to produce cephalosporin antibiotics for China and the rest of Asia at Baifeng. More details....
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