Pharmaceutical Processing World

  • Home
  • Regulatory
    • Recalls
  • Pharmaceutical Processing
  • Facility
  • Supply Chain
  • Equipment and Materials
  • Contract Manufacturing
  • Resources
    • Voices
  • Advertise
  • SUBSCRIBE

GSK to Acquire Nanjing MeiRui Pharmaceuticals in China for $70M

By Pharmaceutical Processing | December 7, 2010

GlaxoSmithKline plc today announced that it has entered into
an agreement to acquire Nanjing MeiRui Pharma Co., Ltd for a cash consideration
of approximately $70 million. Ninety per cent of the share capital of MeiRui is
to be acquired from Pagoda Pharmaceuticals Limited and the remaining ten per
cent from Allergon AB
in a move to further expand GSK’s presence in China, one of the fastest-growing
and most significant of the emerging markets.

MeiRui is a leading Chinese pharmaceutical business with a
strong portfolio of urology and allergy products, including Prostat for
benign prostatic hyperplasia and Sheniting for overactive bladder
syndrome. GSK will gain access to this portfolio of products, as well as
MeiRui’s established sales and marketing platform and a manufacturing facility
in Nanjing City, Jiangsu
Province, China.

Completion of the transaction is expected by the end of
2010, subject to regulatory approval.

 

 

 

 

Related Articles Read More >

Sandoz Logo 2025
Sandoz breaks ground on biosimilar plant in Slovenia
Nymi Logo_2022 (1)
Nymi, Caliber partner on passwordless authentication for pharma manufacturing
Building a resilient pharma supply chain
Antheia_Logo (1)
Pharma ingredient manufacturer Antheia raises $56M Series C
“ppw
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest news, technologies, and developments in Pharmaceutical Processing.

DeviceTalks Tuesdays

DeviceTalks Tuesdays

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
Pharmaceutical Processing World
  • Subscribe to our E-Newsletter
  • Contact Us
  • About Us
  • R&D World
  • Drug Delivery Business News
  • Drug Discovery & Development
  • DeviceTalks
  • MassDevice
  • Medical Design & Outsourcing
  • MEDICAL TUBING + EXTRUSION
  • Medical Design Sourcing
  • Medtech100 Index
  • R&D 100 Awards

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Pharmaceutical Processing World

  • Home
  • Regulatory
    • Recalls
  • Pharmaceutical Processing
  • Facility
  • Supply Chain
  • Equipment and Materials
  • Contract Manufacturing
  • Resources
    • Voices
  • Advertise
  • SUBSCRIBE