PAG commits $250m to Chinese pharma company
PAG Asia has invested $250 million in Shaanxi–based Bicon Pharmaceutical Holdings, becoming its largest investor, according to a statement released by the pharma company on Tuesday.
Weijian Shan, chairman and CEO of PAG, has been appointed chairman of the eight-member board of Bicon Pharmaceutical. Founded in 1997, Bicon is a wholly foreign-owned company with institutional investors...
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