Shanghai’s SARI will pay $359 million to acquire a 90% interest in Group NMS, a Milan oncology biopharma. SARI is a biopharma investment firm affiliated with the Chinese Academy of Science research organization with the same name. SARI intends to bring NMS oncology drug candidates to China and integrate the features of the NMS development technology into its own. For the NMS transaction, SARI was the leading investor in a specific fund formed to acquire NMS. It was joined by Hicin Pharma, V-capital and FeiDong Investment.
Source: China Biotoday
