Shanghai Pharma, others in fray to buy US Cardinal Health's $1.5b China biz

Shanghai Pharma, others in fray to buy US Cardinal Health's $1.5b China biz

Shanghai Pharmaceuticals. Photo: Reuters

U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said.

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