China's Global Pharm Scores $15M To Fund Future Buys

Law360, New York (October 26, 2011, 7:31 PM EDT) -- Chinese pharmaceutical distributor Global Pharm Holdings Group Inc. raised $15 million in financing with help from investment firm Gen2 Partners Ltd., the company announced Wednesday, saying the funds would go in part to acquiring pharmaceutical companies in China's growing domestic market.

Hong Kong-based Gen2 Partners aided in the company's issuance of $15 million in convertible bonds, which can be exchanged for company stock, Global Pharm said in a statement. The financing will also go toward expanding Global Pharm's distribution network in China and general funding needs, it said....
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