India’s cabinet has rejected China’s Fosun Pharmaceuticals’ $1.3 billion acquisition of Indian drug company Gland Pharma, government sources told The Wall Street Journal. After getting earlier Indian government approvals, the deal was turned down by Prime Minister Narendra Modi’s Cabinet Committee on Economic Affairs which didn’t want the company getting access to Gland’s unique injectables technology, said the sources. […]
Category: Health Care
Traditional Chinese medicine (TCM) needs to prove its worth through rigorous clinical trials, according to the head of one of China’s largest herbal remedy companies, as a contentious new law to boost the $40bn sector comes into effect. TCM is estimated by analysts to account for a third of sales in China’s $117bn pharmaceutical market, […]
A group led by 2-year-old private equity firm AGIC Capital has agreed to buy medical technology maker Ritedose Corp. for $605 million, Caixin reports. Medical products and technology have emerged as a hot area for Chinese overseas acquisitions in recent years as the country tries to rapidly update a medical system serving the nation’s 1.3 […]
China’s frozen dumpling makers are finding there’s a quick route to winning new sales – increase the vegetable content, and cut down on the meat. For pig farmers in China and abroad, it is a difficult trend to stomach. The producers and other market experts had expected the growth to continue until at least 2026, […]
After spending billions of dollars on global acquisitions in recent years, private equity giant Fosun has begun to consolidate and focus on the performance of its many offshore assets as it tries to ease its heavy debt load, Caixin reports. In one such move, the company announced plans to spin off Israeli subsidiary Sisram Medical controlled by […]