The Week in Review: Chongqing Zhifei Bids for Dutch Vaccine Company

Chongqing Zhifei Biological Products bid $93 million for fellow vaccine company, Bilthoven Biologicals, located in the Netherlands; Sinopharm Xinjiang Pharma will sell seven non-operating subsidiaries for just the cost of their debt; Sanofi expects China will become its second biggest market, after the US, within five years; consolidation is the major initiative of the 12th Five-year Plan (2011-15) for China’s drug distribution sector; WuXi PharmaTech reported first quarter revenues that were ahead of estimates; Simcere Pharma reported SFDA approval of a follow-on biologic drug developed by a subsidiary; Tianyin Pharma was granted SFDA approval for a type 2 diabetes drug, Gliclazide Tablets; China Meheco signed a two-year contract to $939 million of drugs to Venezuela; and Naviscan of San Diego announced Chindex Medical Limited will be the China distributor for its breast-specific PET scanner. More details…. Stock Symbols: (SHE: 300122) (NYSE: SNY) (NYSE: WX) (NYSE: SCR) (AMEX: TPI) (SHA: 600056) Share this with colleagues:   var switchTo5x=true; stLight.options({publisher:'d7871f5b-67bc-4d30-b66f-1465d0b97213'});