Friday, January 18, 2013

Sanjiu Medical acquires Guilin Tianhe ( Patch Manufacturer) for $94 million

China Resources Sanjiu Medical & Pharmaceutical has acquired a 97% interest in Guilin Tianhe Pharmaceutical Co., Ltd. Guilin Tianhe manufactures OTC patch products based on Traditional Chinese medicines. These patches are intended to treat  orthopedic conditions, provide pain relief, lessen allergy problems or address other disorders.
The purchase price was estimated to be 583 million RMB ($94 million).