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Simcere Wants to Sell OTC Division, Add Prescription Drug Partnerships

publication date: May 17, 2010
Simcere Pharmaceuticals (先声药业), a company that sells high-end generic drugs, wants to sell its OTC drug division and has hired Merrill Lynch as an investment advisor. At the same time, the company is seeking to add to its prescription product offerings through partnerships with Western companies. Simcere said it expects to close two deals before the end of 2010 that will add $42.8 million in annual revenue. More details...

Stock Symbol: (NYSE:SCR)


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