HK-listed Viva Biotech unit to buy 80% in Langhua Pharma for $368m

HK-listed Viva Biotech unit to buy 80% in Langhua Pharma for $368m

Viva Biotech (Shanghai) Ltd, a subsidiary of  Viva Biotech Holdings, has announced plans to acquire an 80 per cent stake in the contract development manufacturing organisation (CDMO) Zhejiang Langhua Pharmaceutical for 2.56 billion yuan ($368 million).