Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients
Chinese firm to acquire US API producer Scientific Protein Laboratories for $337.5 million
2:43 AM MST | December 27, 2013 | Deepti Ramesh
Shenzhen Hepalink Pharmaceutical (Shenzhen, China) says that it has entered into a stock purchase agreement to acquire Scientific Protein Laboratories (SPL; Waunakee, WI), a global, independent manufacturer and supplier of active pharmaceutical ingredients (APIs), for $337.5 million in cash plus certain contingent payments. The transaction is expected to close during the first half of 2014. Hepalink is one of the largest suppliers of heparin sodium API and crude heparin in the world, distributing its products to the global market. Heparin is a blood-thinning...
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