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BioWorld - Thursday, June 18, 2026
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Home » Shanghai Fosun makes progress on stalled Gland Pharma purchase
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Shanghai Fosun makes progress on stalled Gland Pharma purchase

Sep. 20, 2017
By David Ho
HONG KONG – Shanghai Fosun Pharmaceutical Group Co. Ltd. has made progress on its proposed purchase of the majority stake in India's Gland Pharma Ltd., with a recent amendment stating it would acquire 74 percent of the interest in the Hyderabad-based pharmaceutical company for $1.09 billion, instead of the original proposed 86 percent for $1.26 billion.
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