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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
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»22/01/2010 [Industry news]
Sinovac plans to sell 8.6 mn common shares

Chinese vaccine major, Sinovac Biotech is planning to sell 8.65 million common shares of the company in an underwritten public offering. Sinovac plans to grant the underwriters an option to purchase up to an additional 1.29 million common shares to cover over allotments.

 
Chinese vaccine major, Sinovac Biotech is planning to sell 8.65 million common shares of the company in an underwritten public offering. Sinovac plans to grant the underwriters an option to purchase up to an additional 1.29 million common shares to cover over allotments. The company said it will use the net proceeds of the offering to fund the acquisition and expansion of production facilities, enhancement of production lines, research and development, expansion of product pipeline, and general corporate purposes, including an undetermined amount for potential acquisitions.

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