Lotus to acquire gastric ulcer drug Yipubishan from Beijing Yipuam Bio
Lotus Pharmaceuticals, a US firm that controls and operates pharmaceutical companies in China, says that its unit Beijing Liang Fang Pharmaceutical has entered into an intellectual rights transfer contract with Beijing Yipuan Bio-Medical Technology to acquire Yipubishan, a stable octreotide acetate injection solution. The drug is used to treat the symptoms of gastric ulcers and hemorrhages of the upper digestive tract.
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