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Viva Biotech to Pay $80 Million to Acquire SYNthesis in CRO Tieup

publication date: Sep 25, 2020

Viva Biotech of Shanghai will pay $80 million to acquire fellow drug CRO SYNthesis Med Chem (Hong Kong). SYNthesis is a preclinical small molecule drug discovery CRO that specializes in high-end pharmaceutical chemistry and synthetic chemistry services. The company has labs in Suzhou, Shanghai and Australia. SYNthesis' expertise is "downstream" from Viva's structure-based drug discovery services that it offers to biopharma customers. One month ago, Viva announced a $368 million deal to acquire an 80% stake in Zhejiang Langhua Pharma, a CDMO and API company. More details....

Stock Symbol: (HK: 1873)

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