IFC invests $47m in China’s Fosun Pharma
International Finance Corporation (IFC), the private investment arm of the World Bank, has agreed to provide RMB300 million ($47 million) in funding to Fosun Pharma, one of China’s leading drug companies. The investment will help Fosun scale up the production of affordable drugs in China and other developing countries.
Fosun Pharma manufactures both generic and innovative medicines and is one of the largest suppliers of anti-malaria drugs to developing countries through international institutions like the World Health...
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