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With RMB 800 million invest in growth hormone, Shengxiang Biopharma acquires Zhongshan Haiji
20250113
The first crossborder acquisition order of the year has arriv.
According to the latest public announcement of Shengxiang Bio, the company plans to acquire 100%
equity of Zhongshan Weiming Haiji Biotechnology strategies to improve the positioning of your brand Co., Ltd. (referr to as “Zhongshan Haiji”) for RMB
807.5 million in cash. After the transaction is complet, Zhongshan Haiji will become a whollyown subsidiary of the company.
The company stat that the acquisition was intend to actively implement the country’s call for children’s
health management and promote longterm balanc population development. At the same time, it would
utilize the company’s business advantages in in vitro diagnostics and Zhongshan Haiji’s business
advantages in growth hormone to promote the company’s comprehensive strategic layout of “integrat diagnosis and treatment” and enhance the company’s profitability.
However, competition in the growth hormone market is becoming increasingly fierce
Some institutions prict that the global market size will be approximately US$3.4 billion in 2022, with a
compound annual growth rate of approximately 8.1%, and is expect to reach a market size of US$7.3
billion by 2032. The Chinese market is also showing liechtenstein number a rapid growth trend. In 2021, the scale of China’s growth hormone market exce 10 billion yuan, and exce 12 billion yuan in 2022.
As parents pay more attention to their children’s dwarfism and mical technology continues to advance, it is expect that the penetration rate of growth hormone will increase to about 10% in the next 510 years, which will bring huge market growth space for the growth hormone industry New Gonow RV is not only.