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China Biotech Week in Review: Deals Abound
 ChinaBio Today submits: Sichuan Kelun Pharmaceutical [SZEX: 002422], a major manufacturer of IV solutions, announced its plans to raise 5 billion RMB ($735 million) in an IPO on the Shenzhen exchange (see story). The company will issue 60 million A-shares, about 25% of its outstanding shares, at a price of 83.36 RMB ($12.26). Founded in 1996, Kelun’s revenues topped $382 million in 2008. Taxable profit was $88 million.
GanLee Pharmaceutical Company Limited, a Beijing biopharma that produces human recombinant insulin and insulin analog products, has received a 100 million RMB ($15 million) investment from Qiming Venture Partners (see story). GanLee will use the capital to increase R&D, manufacturing and sales and marketing.
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