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Chinese Investor Consortium Buys SciClone But Relisting Possible

 
• By Ying Huang

Against a background of positive changes to regulations and policies on pharmaceutical marketing in China, US-based SciClone has accepted a buyout offer from a consortium of Chinese investors, but may relist in China in the future.

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SciClone Pharmacetuicals Acquired by Chinese Investors

NASDAQ-listed SciClone Pharmaceuticals Inc., a specialty contract services provider, has accepted an invitation to be acquired by a consortium of Chinese investors under a definitive merger agreement for approximately $605m, and expects to close the transaction this calendar year.

The group of investors includes GL Capital Management GP Limited, Bank of China Group Investment Limited, CDH Investments, Ascendent Capital Partners and Boying. The investors agreed to pay $11

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