Consolidation continues at a brisk pace in the drug distribution sector, with Shanghai Pharma and Sinopharm, among others, buying regional distributors left and right. US distribution giant Cardinal Health has also jumped into the game, announcing the acquisition of privately-held Zuellig Pharma China last week for a whopping USD 470 million.
Shanghai Pharmaceutical will acquire controlling ownership of pharmaceutical distributor China Health System Ltd. for up to RMB 4 billion