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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...

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