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Business
Porton Will Acquire Intermediates Maker
by Jean-François Tremblay
March 23, 2015
| A version of this story appeared in
Volume 93, Issue 12
Porton Fine Chemicals, a producer of active pharmaceutical ingredients and intermediates based in Chongqing, China, will pay $41 million to buy Jiangxi Dongbang Pharmaceutical, a Chinese drug intermediates maker. Formed in 2007, Dongbang primarily manufactures raw materials for cardiovascular and AIDS drugs. To help pay for the acquisition, Porton plans to raise up to $10.5 million through the issue of new shares
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