Simcere Pharma said that through an acquisition made in September 2007, it currently holds a 51% stake in Boda.
After the completion of the transaction with Xiangao, Simcere is expected to control a 90% stake in Jilin Boda Pharmaceutical Co (Boda).
Simcere manufactures and sells antibiotics, anti-cancer medication, stroke management medication and biopharmaceutical drugs such as vaccines.
Simcere concentrates its R&D efforts on the treatment of diseases with high incidence and/or mortality rates and for which there is a clear demand for more effective pharmacotherapy such as cancer, strokes, orthopaedics and infectious diseases.
Simcere has introduced an anti-cancer medication Endu, a first-to-market medication Sinofuan, and first-to-market generics such as Bicun and Anxin.