Bloomberg News

Shanghai Pharma Seeks ‘Sizeable M&A’ Deals, Credit Suisse Says

October 03, 2011

Oct. 4 (Bloomberg) -- Shanghai Pharmaceuticals Holding Co., China’s third-largest drugmaker, is actively looking for “sizeable” merger and acquisition opportunities to strengthen its product portfolio and market presence, Credit Suisse said.

According to management, any strategic M&A with a pharma company could be a positive catalyst, Credit Suisse Hong Kong- based analysts Lefei Sun and Jinsong Du said in a report today in which they reiterated an “outperform” rating on the shares.

To contact the editor responsible for this story: Jason Gale at j.gale@bloomberg.net


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