December 10, 2011 -- Merck plans to build an innovative drug R&D facility in Beijing as part of a new $1.5 billion investment in China; AstraZeneca will acquire anti-infectives maker Guangdong BeiKang Pharma; Lanzhou Foci Pharma, a TCM company, will issue 20.2 million shares in its Shenzhen IPO; Guangdong Taiantang Pharma paid $21.4 million for a 52% stake in Guangzhou Hongxing; Beijing SL Pharma invested $14 million for an 18% interest in Forwell Biopharm, a vaccine company; Zhejiang Conba Pharma acquired an 84% stake in TCM maker Yunnan Xiongye Pharma; Mindray Medical bought a controlling interest in a healthcare IT company; and Aoxing Pharma announced a new $3.2 million bank loan. More details….
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