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Bicon Pharma Lands $250 Million in PE Capital from PAG Asia


2/28/2012 12:12:37 PM

February 28, 2012 -- Bicon Pharma, a Xian maker of APIs and finished drugs, received a massive $250 million in fresh capital from private equity fund PAG Asia Capital. PAG spent last year amassing its $1.7 billion war chest and is now deploying funds. Bicon said the investment will be used to make acquisitions and to fund a large complex in Jiangsu province that includes space for R&D as well as manufacturing. More details....

Read at ChinaBio Today

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