Two leading South Korean pharma firms are moving in different directions as they aim to expand globally, with Daewoong Pharm agreeing to buy a controlling stake in HanAll BioPharma, while Green Cross has divested its entire stake in Ildong Pharm.
SEOUL – Although the two companies seem to have different strategies, the ultimate purpose is the same: to focus on and accelerate expansion of their global businesses.
Daewoong Pharmaceutical Co. Ltd. said it will buy a 30.2% stake, equivalent to 15.5 million shares, in smaller rival...
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