Sackler-owned Mundipharma kicks of sale of China unit for up to $1b

Sackler-owned Mundipharma kicks of sale of China unit for up to $1b

Nanjing, China. Source: Jennifer Chen/Unsplash

Drugmaker Mundipharma International Ltd,owned by the billionaire American Sackler family, has kicked off the sale of its China unit in a deal that could fetch more than $1 billion, people familiar with the situation told Reuters.