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Beijing SL Pharmaceutical to Form In-Vitro Diagnostic JV

publication date: Feb 26, 2009

Beijing SL Pharmaceutical Co. announced it will establish a JV in Liaoning to produce in vitro products. The JV will be capitalized with 20 million RMB ($4.4 million). SL Pharma will contribute 10.2 million, and two private investors will add the remaining 9.8 million RMB, giving SL Pharma a controlling 51% stake. Up to this point, SL Pharma has derived its revenue from biotech drugs and a number of treatments for cancer and hepatitis. More details...

Stock Symbol: (SZSE: 002038)



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