Fosun purchasing 65% of medical marketing company SinoMedCare

Shanghai Fosun Pharmaceutical Group Co. Ltd. (Shanghai:600196; HKSE:2196) said it will purchase a 65% stake in medical marketing company Shanghai SinoMedCare Biotech Co. Ltd. (Shanghai, China) for RMB266.5 million ($40.1 million). SinoMedCare helps pharma companies sell their products to hospitals and healthcare centers in China...