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Mundipharma May Propose Sale of China Operations for $1 Billion

publication date: Aug 4, 2023

Mundipharma, an international drugmaker headquartered in Cambridge, UK, is considering selling its China operations in a deal that could be worth $1 billion. The company is owned by the Sackler family, infamous for its heavily promoted oxycodone marketing, and the sale would raise capital to help the Sacklers restructure their businesses after paying $6 billion in US fines for the opioid scandal. Two years ago, the company first floated the idea of a $1 billion deal for Mundipharma’s China business, but nothing happened. Mundipharma has operations in Africa, Asia Pacific, Canada, Europe, Latin America and the Middle East, but not the US. More details....

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