Tuesday, 31 March 2020

Hunan Hansen buys 80% Chinese med firm for $44m

08 November 2013 | News | By BioSpectrum Bureau

Hunan Hansen Pharma is acquiring Yongzitang Yongzitang Pharma, whose major product is rhizome gastrodiae capsules and owns seven national exclusive TCM patents

Hunan Hansen Pharma is acquiring Yongzitang Yongzitang Pharma, whose major product is rhizome gastrodiae capsules and owns seven national exclusive TCM patents

Singapore: Hunan Hansen Pharmaceutical is looking to buy Yunnan Yongzitang Pharmaceutical.

Hunan Hansen is expected to pay $44.8 million (282 million RMB) in an attempt to purchase an 80 percent stake in Yunnan Yongzitang Pharmaceutical, which is a company specializing in traditional Chinese medicine (TCM).

Yongzitang, whose major product is rhizome gastrodiae capsules, owns seven national exclusive TCM patents, five of which have intellectual property (IP) rights at the national level.

Yunnan Yongzitang Pharma reported $1.6 million (10 million RMB) in profit during the first nine months of 2013.

Sign up for the editor pick and get articles like this delivered right to your inbox.

Editors Pick
+Country Code-Phone Number(xxx-xxxxxxx)


Comments

× Your session has been expired. Please click here to Sign-in or Sign-up
   New User? Create Account