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CROSS-BORDER M&A

China’s Taxus Pharma buys Cardium to get a foothold in regenerative medicine

By Shannon Ellis
Staff Writer

Wednesday, March 5, 2014

SHANGHAI – Privately held Shanxi Taxus Pharmaceuticals Co. Ltd., a subsidiary of Shenzhen Forntsea Taxus Industry Capital Management, will acquire majority shares in innovative drug developer Cardium Therapeutics Inc. (CRXM), of San Diego, for $5 million in cash.

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