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Mundipharma Set To Divest China Business?

Key Technology May See Bidding War

 
• By Brian Yang

In the latest sign that some multinationals are scaling down operations in the world's second-largest pharma market, Mundipharma is reported to be exploring the sale of its business in China, with a large group of bidders including state-owned Sinopharm and local private equity firm Boyu Capital in the running.

The Great Wall of China on the background and chinese red flag - Image
China's Pharma Great Wall Insurmountable For Some? • Source: Alamy

Established nearly three decades ago as the first specialty pharma firm in China, it seems that Mundipharma China is close to going up for sale.

The Beijing-based operation, set up in 1993 as a joint venture between Beijing Pharmaceuticals and Mundipharma International Limited, is...

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