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ShangPharma Of China Could Go Private Two Years After IPO

China's ShangPharma plans to be the nation's first company to go private in less than two years since it went public through an initial public offering.

China's ShangPharma plans to be the nation's first company to go private in less than two years since it went public through an initial public offering. The company, which provides research and development outsourcing services in pharmaceutical and biotechnology, commands second place among china's CROs, serving nearly all the top 10 drug makers in the field. ShangPharma chairman and CEO Michael Hui and other investors proposed acquiring the rest of the shares they do not already own, which the board is considering. (Click here for more

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