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Topsun And Bayer Delay Record Deal On Black And White Cold Medicine

This article was originally published in PharmAsia News

Executive Summary

Topsun Science and Technology has signed a supplementary agreement with Bayer to extend the transaction period for the latter to acquire Topsun's popular Black and White cold medicine. The new deadline for completing the deal is now postponed to June 30, 2008, eight months beyond the original contract. The supplementary agreement maintains the original transaction price but adds several new conditions for both parties. If the high-profile deal goes through, Black and White will break the acquisition record in China's drug industry with its price of 1.07 billion yuan. (Click here for more - Chinese Language)

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