Pharma Deals Review, Vol 2011, No 12 (2101)

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AstraZeneca Strengthens its Position in China with Guangdong BeiKang Pharmaceutical Acquisition

Heather Cartwright

Abstract


AstraZeneca, the second biggest foreign pharmaceutical company in China after Pfizer, has strengthened its position in this market by acquiring Guangdong BeiKang Pharmaceutical, a manufacturer of generic injectable antibiotics, for an undisclosed sum. With the acquisition, AstraZeneca will gain a portfolio of five injectable medicines used in the treatment of infections.



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