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Pharmula Acquisition To Provide US Expansion Base For Jingxin

 
• By Ying Huang

Shanghai-listed Jingxin Pharmaceutical is aiming to tap into the US market for its growing formulations business through the majority acquisition of Pharmula, a US-based contract services firm. The Chinese manufacturer is looking to capitalize on its partners’ strength in R&D to facilitate its global expansion.

SHANGHAI - Zhejiang Jingxin Pharmaceutical Co. Ltd. has acquired a 51% stake in the US contract research organization (CRO) Pharmula Laboratories for $1.02m in cash, marking the first step by the Shanghai-listed manufacturing company to tap into an overseas market for its formulation business.

The purchase of the majority stake in Pharmula indicates the company’s international R&D deployment, Jingxin said in a statement, in...

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