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Simcere Plans to Raise a Rumored $500 Million in Hong Kong IPO

publication date: Jun 11, 2020

Simcere Pharma of Nanjing has filed with the Hong Kong Exchange for an IPO that is rumored to seek $500 million. Previously, Simcere was listed in the US, but it was taken private in 2013 for $500 million by management and Hony Capital. The company is an active dealmaker, using partnerships and in-house R&D to build a portfolio of nearly 50 novel candidates in development. In 2019, the company's ten generic products produced a profit of $140 million on $708 million in revenue. More details....

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