March 26, 2011 -- Chongqing Fuan Pharma raised $214 million in its ChiNext IPO; Zhejiang Hisun Pharma will invest $6 million in a US cancer treatment startup; China Kanghui Holdings bought a 60% stake in Beijing Wei Rui Li Medical Device, a fellow orthopedic device company; Sinopharm Group will acquire a drug distributor in Zhejiang province, Wenling Drug Materials; American Oriental Bio announced a $20 million share buyback; Takeda Pharma of Japan will build R&D and manufacturing facilities at China Medical City in Taizhou; and Novartis plans to increase its China sales force to increase market share. More details….
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