GlaxoSmithKline Buys Chinese Drugmaker for $70 Million

Triangle Business Journal -- Pharmaceutical giant GlaxoSmithKline has reached a deal to buy Chinas Nanjing MeiRui Pharma Co. Ltd. for $70 million in cash, GSK announced Tuesday.GSK (NYSE: GSK) will buy the company from Pagoda Pharmaceuticals Limited, which owns 90 percent of the shares, and from Allergon AB, which owns the remaining 10 percent.The purchase, which is scheduled to...

Comments
Advertisements
Zimbio Entertainment
Copyright © 2012 - Zimbio, Inc. Some rights reserved. Coming soon: Livingly
Share
. . .
Follow
. . .