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Lansen Buys 20% of Zhejiang Starry Pharma

publication date: Nov 16, 2010
Lansen Pharmaceutical will purchase 20% of Zhejiang Starry Pharmaceutical Co. from an individual for 160 million RMB ($24 million). Starry, a bulk pharmaceutical and intermediate company, is the largest manufacturer of the contrast agent iohexol in the PRC. For the year ended 31 December 2009, Starry’s profit after taxation was $9 million, and it listed net asset value of $30 million. More details....

Stock Symbol: (HKEX: 0503)


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