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Simcere Buys Cancer Drug Company

publication date: Apr 22, 2008

Simcere Pharmaceutical Group, which makes and sells the gene therapy cancer drug Endu in China, will pay 65 million RMB ($9 million) to acquire a 70% interest in Wuhu Zhong Ren Pharmaceutical Co. Ltd, another cancer drug manufacturer. This is the fourth equity investment Simcere has made since completing its IPO, one year ago. More details...

Stock Symbol: (NYSE: SCR)



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