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​Shanghai Pharmaceuticals' bid for Cardinal Malaysia subject to Mofcom’s approval

By MLex Staff ( November 15, 2017, 09:06 GMT | Insight) -- The takeover of Cardinal Malaysia by Shanghai Pharmaceuticals will require antitrust approval from China’s Ministry of Commerce. The Shanghai-based, state-controlled pharmaceutical company is expected to pay about $557 million to buy all of Cardinal Malaysia, a major pharma and medical device distributor in China, from US-listed Cardinal Health.The takeover of Cardinal Malaysia by Shanghai Pharmaceuticals will require antitrust approval from China’s Ministry of Commerce. ...

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