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Nycomed to Accelerate Expansion in China Through Acquisition of Majority Stake in Guangdong Techpool Bio-Pharma
Date:11/1/2010

ZURICH, Nov. 1, 2010 /PRNewswire/ --

  • Nycomed has acquired 51.34% of the shares of Guangdong Techpool Bio-Pharma Co., Ltd., a fast-growing Chinese pharmaceutical company based in Guangdong
  • Acquisition demonstrates importance of China as a key part of Nycomed's emerging markets strategy
  • Nycomed gains access to a leading, high quality manufacturer of biologic and protein-based drugs with international potential
  • Creates enhanced commercialization base for Nycomed products including Pantoloc®, Ebrantil® and Actovegin® in China

Nycomed today announced that it is significantly expanding its presence in China through the acquisition of a majority stake in Guangdong Techpool Bio-Pharma Co., Ltd. (Techpool), a fast-growing Chinese bio-pharmaceutical company based in Guangdong. Techpool, founded in 1993, specialises in the research, development, manufacturing and marketing of biologic drugs derived from natural sources.

Techpool has developed and launched a number of innovative protein drugs, including Ulinastatin, a broad-acting trypsin inhibitor, which is a leading compound in the treatment of sepsis and multiple organ dysfunctions. Kallikrein, a serine protease, is used as a neuroprotective agent in the treatment of stroke.

Techpool's products are sold across China and exported to a number of countries and regions, including Japan and South Korea. The company has built a strong intellectual property position, with 35 patents filed, of which 17 have already been granted, including one US patent approval. Shanghai Pharmaceutical Group, a leading Chinese pharmaceutical conglomerate, holds 40.8% of the shares of Techpool and has previously been the majority shareholder.

Nycomed believes there is significant potential for the continued strong growth of Techpool's key products through expanded hospital and reimbursement coverage in China. While Ny
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