CITIC PE, 3SBio agree North America acquisition
CITIC Private Equity and Chinese drug developer 3SBio – which the PE firm took public in Hong Kong two years ago – have agreed to buy the contract development and manufacturing (CDMO) business of Canada’s Therapure Biopharma for $423 million, including debt and other liabilities.
3SBio said in a filing that the deal is part of a broader push into the North American market. CITIC PE will have a 49% interest in the joint venture acquisition vehicle and contribute at least $105.1...
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