Nanjing Pharma’s Weak Financials Spark Takeover Talk

Nanjing Pharmaceutical, a company that makes and distributes pharmaceuticals, announced it will report a loss for 2011. The company blamed the loss on higher interest payments on its $387 million of debt. Nanjing Pharma is the largest drug distributor in China’s eastern provinces of Jiangsu, Anhui and Fujian. The combination of lower valuation and leading market position sparked speculation that one of China’s major drug distribution companies will make a bid for Nanjing Pharma.. More details.... Stock Symbol: (SHA: 600713) Share this with colleagues: var switchTo5x=true; stLight.options({publisher:'d7871f5b-67bc-4d30-b66f-1465d0b97213'});