Luye Pharma in m&a deal with Beijing Jialin Pharmaceutical for $599 m

Posted on 01 September 2014

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M&A news: Luye Pharma of China will pay $599 million to acquire a 58% stake in Beijing Jialin Pharmaceutical Co., a company that makes drug products for cardiovascular diseases and cancer.

In 2013, Jialin produced $185 million of revenue.

According to Luye, the m&a deal will add to its portfolio of cardiovascular drugs and broaden its sales network.

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