CStone considering sale, says report

18 July 2022

Chinese biotech firm CStone Pharmaceuticals' (HKEX: 2616) is mulling over a potential sale of the business, according to sources cited by Bloomberg.

CStone is exploring strategic options for the future of the enterprise and has drafted in investment bank Goldman Sachs to sound out interest from prospective buyers, the report states.

Bloomberg does not name the sources due to their preference to remain anonymous, but they believe that acquiring CStone could be of interest to other Chinese or global pharma companies.

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