China Resources Eyes $1bn Hong Kong IPO As It Streamlines Ops
This article was originally published in PharmAsia News
Executive Summary
The Chinese state-owned manufacturer and distributor China Resources Pharmaceutical Group is planning an up to $1bn IPO in Hong Kong this year, as part of an ongoing restructuring of its large diversified business and integration of assets.
You may also be interested in...
WuXi Going Public Again In Selected China, Hong Kong Listings
China’s WuXi AppTec is planning separate new stock listings for various parts of its business in both China and Hong Kong, potentially raising billions of dollars in the wake of an earlier go-private transaction.
Key Role For China As Sanofi’s Emerging Markets Business Grows
Continuing with a double-digit growth rate, China remained a leading driver for Sanofi’s global business in the fourth quarter. Going digital and building local partnerships emerged as key themes for Sanofi China to explore more opportunities, although it may face testing problems for its vaccine business in the country.
Deal Watch: Avid Transitions Into CDMO By Offloading Cancer Program To Oncologie
Oncologie acquires PS-targeting candidate bavituximab, which may help other cancer therapies in attacking tumors. BridgeBio's newest spinout will develop former Novartis cancer candidate infigratinib.