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Shenghong Buys New Drug Projects from Tibet Rhodiola

publication date: Feb 24, 2010
Beijing Shenghong Biotechnology Co. has paid 28 million RMB ($4.1 million) to Tibet Rhodiola Pharmaceutical Holding Co. (SHEX: 600211) for four new drug projects and research findings. According to an announcement, Tibet Rhodiola and a subsidiary company have spent 24.7 million RMB on the products. Shenghong will also assume debt associated with the drugs, though the amount of debt was not specified. More details...


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