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News 294 views last update:6 Aug 2012

Alpharma acquires assets in China

Drug maker Alpharma Inc. has acquired certain assets of China-based Yantai JinHai Pharmaceutical Co. Ltd. for use by its animal health business.

Financial terms were not disclosed and the deal is not expected to affect Alpharma's 2007 operating results.

The company's animal health business plans to use the Yantai site to blend products it currently processes in its US facilities and sells in Asia.

In April, Alpharma said it acquired certain manufacturing assets of Shenzhou Tongde Pharmaceutical Co. Ltd. in China that will be marketed by its animal health business.

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