China-based Hutchmed to divest stake in health unit for $608 million

Reuters

2025/01/02

Jan 2 (Reuters) - Hong Kong-headquartered biopharmaceutical company Hutchmed (China) on Wednesday said it will sell stakes in a health subsidiary to GP Health Service Capital and Shanghai Pharmaceuticals for about $608 million.

(Reporting by Kumar Tanishk in Bengaluru; Editing by Cynthia Osterman)

((Tanishk.Kumar@thomsonreuters.com;))

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