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Merck KGaA Acquires Chinese Biotech Firm
1:06 AM MST | January 5, 2011 | Deepti Ramesh
Merck KGaA says it has acquired Beijing Skywing Technology (Beijing), a leading supplier of cell-culture media products, related technical services and bioreactors for the biopharmaceutical industry in China, for a purchase price of Rmb120 million ($18 million). The company employs about 80 people. The acquisition allows Merck to immediately establish a direct presence in this market segment in China with access to a cell-culture media portfolio, close relationships to local customers, and a facility, says Burghard Freiberg, head of Pharm Chemicals Solutions of...
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