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Hansen Pharma Buys 80% Interest in Yongzitang Pharma for $45 Million

publication date: Nov 5, 2013
Hunan Hansen Pharmaceutical will pay 282 million RMB ($44.8 million) to purchase an 80% stake in Yunnan Yongzitang Pharmaceutical, a fellow TCM company. Yongzitang, whose major product is rhizome gastrodiae capsules, owns seven national exclusive TCM patents, five of which have national IP. The company reported 10 million RMB ($1.6 million) in profit during the first nine months of 2013. More details....

Stock Symbol: (SHE: 002412)

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