Schering-Plough buys China partners

Although the company is staying tight-lipped on the details of the deals, here's a mouthful: Schering-Plough announced yesterday that it purchased Shanghai Pharmaceutical Industry and Shanghai Pharmaceutical Group, and will establish Shanghai Shering-Plough Pharmaceutical as a wholly owned operation in Shanghai.

The buyout comes after a longstanding relationship with the companies, which Schering-Plough has been working with to dispense allergy and skincare products with since 1994. 

- see the Schering-Plough release
- read the story at CNN Money
- see what Business Week says
- find the PharmaLive blog post
- get the latest at Forbes