Winteam Pharmaceutical to acquire Tongjitang Chinese medcines company for $393m

Winteam Group devoted to the secondary development of traditional Chinese medicines (TCM) and the development of modern Chinese medicine preparations, characteristic antibiotics, sustained-release and controlled-released preparations, and tumor medicines, will acquire Tongjitang chinese medicines for $393m.
Tongjitang Chinese Medicines Company develops, manufactures, markets, and sells traditional Chinese medicine, nutritional products, and Tibetan recipe-originated plant-based medicines in China.

Sanjiu Medical acquires Guilin Tianhe ( Patch Manufacturer) for $94 million

China Resources Sanjiu Medical & Pharmaceutical has acquired a 97% interest in Guilin Tianhe Pharmaceutical Co., Ltd. Guilin Tianhe manufactures OTC patch products based on Traditional Chinese medicines. These patches are intended to treat  orthopedic conditions, provide pain relief, lessen allergy problems or address other disorders.
The purchase price was estimated to be 583 million RMB ($94 million).