Shanghai Pharma expands reach
By Wu Yiyao in Shanghai | China Daily | Updated: 2017-11-16 07:06
Chinese firm buys drug distribution unit of US-based Cardinal Health
The mainland's third-largest drug distributor Shanghai Pharmaceutical Holding Co is buying US-based Cardinal Health Inc's China drug distribution business for $557 million, to expand its presence nationwide.
The State-owned firm said in a regulatory statement that it will buy the pharmaceutical and medical products distribution business of Cardinal Health in China for a base payment of $1.2 billion.
Photo
