Kunming drug distributer gets funding
Kunming-based medical logistics and distribution company First China Pharmaceutical Group has received $2.7 million from a group led by New York-based investment and merchant bank Wellfleet Partners. Three institutional investors, including existing backer, Cedarview Capital, also participated in the financing round.
According to First China, the investment comes as a significant boost to its available capital, bringing its total funding to $3.5 million. The investment follows a recent $500,000 injection. The company...
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