Mubadala, CBC Group to buy UCB's Chinese neurology and allergy business for $680m

Mubadala, CBC Group to buy UCB's Chinese neurology and allergy business for $680m

Photo by Raimond Klavins on Unsplash

Abu Dhabi sovereign investor Mubadala Investment Company and Asia healthcare-focused asset management firm CBC Group will acquire a 100% stake in UCB Pharma’s neurology and allergy business in China for $680 million.

Edited by: Pramod Mathew