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Home » BEIJING MED-PHARM NOTIFIED THAT ACQUISITION OF BEIJING WANWEI PHARMACEUTICAL HAS BEEN APPROVED
BEIJING MED-PHARM NOTIFIED THAT ACQUISITION OF BEIJING WANWEI PHARMACEUTICAL HAS BEEN APPROVED
October 20, 2005
Beijing Med-Pharm Corp. (BJGP.PK) today announced that it has received approval from the Ministry of Commerce of the People's Republic of China regarding its previously announced intent to purchase 100% of the equity interests in Beijing Wanwei Pharmaceutical Co., Ltd. from Beijing Wanhui Pharmaceutical Group and one other shareholder. This is the first-ever acquisition of a Chinese pharmaceutical distribution firm by a U.S. Corporation or other foreign entity to be approved by the Chinese government.
Genetic Engineering News (http://www.genengnews.com/news/bnitem.aspx?name=1084255XSL_NEWSML_TO_NEWSML_WEB.xml)
KEYWORDS Daily International Pharma Alert
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