Fosun Pharma Unit Inks $533M Deal To Sell Medical IP Rights

By Chelsea Naso (October 23, 2013, 3:18 PM EDT) -- Shanghai Fosun Pharmaceutical Group Co. Ltd. subsidiary Chongqing Fochon Pharmaceutical Co. Ltd. will sell intellectual property rights to two medical compounds believed to be the early makings of diabetes and cancer treatments for €388 million ($533 million) to clinical research company Sellas Clinicals Holding AG, the companies announced Wednesday....

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