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India May Reject Fosun's $1.3 Billion Acquisition of Gland Pharma

04:01 EDT 1 Aug 2017 | ChinaBio Today

Shanghai Fosun Pharma's $1.3 billion acquisition of a majority stake in India's Gland Pharma is in trouble. It may be rejected by India, not because of the deal itself, but because China and India are in a military stand-off over a small piece of land in the Himalayas, according to a Bloomberg article. The two countries fought a border war over the territory in 1962, and now the border is back in dispute. The Fosun-Gland deal could end up being collateral damage in a larger conflict between the world's two most populous nations. More details....

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