echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Medical News > Latest Medical News > Recently, a large number of domestic and foreign pharmaceutical companies have opened the "fire sale mode"!

    Recently, a large number of domestic and foreign pharmaceutical companies have opened the "fire sale mode"!

    • Last Update: 2022-10-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Recently, Tibet Duorui Pharmaceutical Co.
    , Ltd.
    issued an announcement
    on the cancellation of its holding subsidiary.
    According to the content of the announcement, in order to improve the company's asset management efficiency, optimize the organizational structure and reduce management costs, Tibet Duorui Pharmaceutical Co.
    , Ltd.
    recently cancelled its holding subsidiary, Gongan County Renkang Pharmaceutical Technology Co.
    , Ltd.

    It is understood that in order to reduce costs, Duorui Pharmaceutical has cancelled a wholly-owned subsidiary, Hubei Benyang Pharmaceutical Co.
    , Ltd.
    , in May this year.


     
    In fact, in recent years, the pharmaceutical industry has introduced a series of policies such as consistency evaluation of generic drugs, centralized procurement, medical insurance fee control, and key monitoring of auxiliary drugs, which has led to the continuous squeeze of the profit margins of pharmaceutical companies, and the entire market reshuffle has begun to accelerate
    .
    In this context, in order to recover funds and reduce operating costs, in addition to deregistering subsidiaries, pharmaceutical companies sell "assets" everywhere
    .

     
    For example, on October 10, Ruixing Pharmaceutical issued an announcement that in order to reduce management costs and improve operational efficiency, the general manager made the "General Manager Decision" on August 15, 2022, deciding to cancel Foshan Ruixing Network Technology Co.
    , Ltd.
    , a wholly-owned subsidiary.


     
    On September 30, Zima Gene issued an announcement that in order to reduce the company's management costs, the meeting deliberated and passed a proposal
    to cancel its wholly-owned subsidiary, Anhui Zima Gene Pharmaceutical Co.
    , Ltd.

     
    On September 27, Zhenghe Pharmaceutical issued an announcement that in order to optimize the asset structure, reduce investment risks, and improve management and operation efficiency, Zhenghe Pharmaceutical Co.
    , Ltd.
    , a wholly-owned subsidiary, intends to cancel its wholly-owned subsidiary, Jilin Zhenghe Business Electronics Co.
    , Ltd.


     
    On September 22, Luoxin Pharmaceutical announced that it planned to transfer 70% of the equity of Modern Logistics to Shanghai Pharmaceutical Holdings
    for 415 million yuan.
    After the transfer, the company will only hold a 30% stake
    in Modern Logistics.

     
    On September 13, Shanghai Kaibao issued an announcement that the company intends to sell the shares of Shanghai Yizhong held by the company through centralized bidding or block trading within 6 months after the board of directors deliberates and passes, during the period permitted by laws and regulations, no more than 3% of the existing total share capital of Shanghai Yizhong (about 3.
    174 million shares).


     
    .
    .
    .
    .
    .
    .

     
    It is worth noting that in addition to domestic pharmaceutical companies, there are many
    multinational pharmaceutical companies that have opened the "fire sale model".
    As recently reported, Viatris is considering selling its European consumer health business, a deal that could reach 3 billion euros
    .
    On October 9, Bayer officially completed the sale of its Environmental Science Professional business to international private equity firm Cinven
    .

     
    At a time when the pharmaceutical market is affected by reform and the concentration is increasing, whether it is for the purpose of "returning blood", or for the purpose of gathering resources and focusing on the main business, this situation of "selling, selling and selling" will continue
    in the future.
    However, the sale of assets can only help pharmaceutical companies solve temporary problems, and the industry generally believes that in the current pharmaceutical environment, pharmaceutical companies need to focus on innovation and development and increase investment in research and development in order to enhance the competitiveness of enterprises and gain a foothold in the market
    .

     
    ={"common":{"bdSnsKey":{},"bdText":"","bdMini":"1","bdMiniList":false,"bdPic":"","bdStyle":"0","bdSize":"32"},"share":{},"image":{"viewList":[" weixin","sqq","qzone","tsina","tqq","tsohu","tieba","renren","youdao","fx","ty","fbook","twi","copy","print"],"viewText":"Share to:","viewSize":"24"},"selectShare":{" bdContainerClass":null,"bdSelectMiniList":["weixin","sqq","qzone","tsina","tqq","tsohu","tieba","renren","youdao","fx","ty","fbook","twi","copy","print"]}}; with(document)0[(getElementsByTagName('head')[0]|| body).
    appendChild(createElement('script')).
    src='http://bdimg.
    share.
    baidu.
    com/static/api/js/share.
    js?v=89860593.
    js?cdnversion='+~(-new Date()/36e5)];
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.