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Operations of Simcere’s Latest Acquisition Remain Shut Down

publication date: Apr 5, 2010
Simcere Pharmaceutical Group (先声药业)reported that a recent acquisition, Jiangsu Yanshen Biological Technology, committed fraud with respect to its human-use rabies vaccine before Simcere bought its controlling interest in October 2009. As soon as Simcere found out about the problem, it urged Jiangsu Yanshen’s board to cease operations and review the company’s quality control. It has complied with the official investigation into the situation. More details...

Stock Symbol: (NYSE: SCR)


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