China Medical System Buys 51% of Drug Maker

China Medical System Holdings, a drug distributor, bought a 51% stake in Guangming Pharmaceutical, giving it control of the company’s protein hydrolysate products in China. In addition, Guangming Pharmaceutical makes nine other products that are included in China’s basic drug list. The financial details of the transaction were not disclosed. More details.... Stock Symbol: (HK: 0867)     Share this with colleagues: