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Nycomed Buys Majority Stake in Guangdong Techpool Bio-Pharma

publication date: Nov 1, 2010
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Swiss biopharma Nycomed bought a majority 51.3% of Guangdong Techpool Bio-Pharma, saying the acquisition will increase its activity in China. Although the price was not announced officially, a Nycomed spokesperson said the company paid $210 million, according to Reuters. Both companies are privately owned, but Nycomed has stated its intention of staging an IPO sometime soon. More details....

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