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» 23/07/2009 [Company watch]
China Aoxing Pharmaceutical Corp. Receives Renewal of GMP Certification for Capsule Dosage Form of Pharmaceutical Products
» 15/03/2010 [Industry news]
Recordati S.p.A And Lee Pharmaceutical Announce Partnership For Zanidip(R) In China
» 26/10/2009 [Finance]
China Growth to Remain Fast in Fourth Quarter, Official Says
» 17/08/2009 [Industry news]
Chindex Posts Profit on Product Sales, Health Services
» 07/05/2010 [Industry news]
Hong Kong: Recall of all products manufactured by Quality Pharmaceutical Lab Ltd
COMPANY NEWS back to previous page show list
»24/09/2009 [Company watch]
CNPG + CNBG = CNPG (Sinopharm name to remain unchanged post-merger)

The merged entity of China National Pharmaceutical Group (Sinopharm) and China National Biotech Group (CNBG) will maintain the China National Pharmaceutical Group name.

 
The merged entity of China National Pharmaceutical Group (Sinopharm) and China National Biotech Group (CNBG) will maintain the China National Pharmaceutical Group name. Additionally, according to a Tiantan Biological company announcement September 23, CNBG\'s subsidiary, Tiantan Biological Products (SHA: 600161), will also undergo a name change to China Biotechnology Company (GBI translated). The CNPG/CNBG merger has already been approved by both China\'s State Council and State-owned Assets Supervision and Administration Commission (SASAC). Sinopharm, a leading pharmaceutical company in China, generates 80% of its total revenue from its main business, medical distribution and is completed a USD 1.3 billion IPO on the Hong Kong exchange earlier this week. CNBG is a leading biotechnology company in China and generated RMB 4.9 billion in revenue and reported RMB 3.8 billion in net assets in 2008. CNPG or its affiliated institutes supply the majority of China\'s national immunization program (NIP) vaccines.

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