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Xianju Pharma Acquires 2 Italian Companies
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On June 20, Xianju Pharma announced that the company has invested 110 million euros (about RMB837.33 million) to acquire 100% stakes in the Italian companies Newchem S.P.A. and Effechem S.r.l.

According to the sources, founded in 1998, Newchem is principally engaged in the research and development, production and marketing of steroids and hormones. Established in 1975, Effechem is mainly involved in various sales activities in the pharmaceutical industry.

Founded in 1972, Zhejiang Xianju Pharmaceutical Co., Ltd. is the state’s designated producer of steroid hormone drugs and family planning medicine, a key high-tech enterprise for the state’s Torch Plan, and an outstanding innovative unit in Zhejiang Province.

 



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