Sorrento Therapeutics acquires majority stake in Zhengzhou FortuneBio

By on    Healthcare Industry News  

Sorrento Therapeutics acquires majority stake in Zhengzhou FortuneBio

Sorrento Therapeutics has acquired a majority stake in Zhengzhou Fortune Bioscience (Zhengzhou FortuneBio), a Chinese diagnostic manufacturer, for an undisclosed price. According to Sorrento Therapeutics, the acquisition is in response to drastic increasing demands around the world and planned product build-up expecting possible additional approvals for its COVISTIX Covid-19 virus rapid antigen detection test. Zhengzhou […]

GSX Techedu acquires commercial real estate in Zhengzhou, China

By on    General business news  

GSX Techedu acquires commercial real estate in Zhengzhou, China

GSX Techedu, an online K-12 large-class after-school tutoring service provider in China, said that it had acquired several commercial real estate plots in the Economics Development Area of Zhengzhou in Henan Province for a total sum of RMB333.8 million ($48 million). The Chinese education company paid the first installment of RMB69 million ($9.95 million) and […]