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Business

Hepalink Buys Scientific Protein

by Jean-François Tremblay
January 13, 2014 | A version of this story appeared in Volume 92, Issue 2
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China’s Shenzhen Hepalink Pharmaceutical, one of the world’s largest producers of heparin, will pay $337 million to buy Scientific Protein Laboratories, a leading U.S. producer of the blood thinner. SPL employs just over 200 people; its main manufacturing facility is in Waunakee, Wis. SPL came to prominence in early 2008 when its Chinese manufacturing operation, Changzhou SPL, was implicated in a tainted heparin scandal. SPL closed the Chinese unit shortly thereafter. Hepalink says the acquisition of SPL will help it to improve its global manufacturing and distribution network.

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