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Acquisition agreement for 85% stake in Zhejiang Tianyuan Bio-Pharmaceutical

Companies: Novartis
Zhejiang Tianyuan Bio-Pharmaceutical
Announcement date: Mar 22 2011
Deal value, US$m: n/d

Details

Announcement date: Mar 22 2011
Industry sectors: Bigpharma
Pharmaceutical
Biotech

Financials

Deal value, US$m: n/d

Termsheet

Acquired 85 per cent stake in Zhejiang Tianyuan Bio-Pharmaceutical.

Press Release

Novartis AG Buys 85 Percent Stake In Chinese Vaccines Company, Zhejiang Tianyuan 3/22/2011

Swiss healthcare firm Novartis AG Tuesday said it has completed the transaction to acquire an 85 percent stake in the Chinese vaccines company Zhejiang Tianyuan Bio-Pharmaceutical Co., Ltd.

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Contract

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