Tonghua Golden-Horse Pharmaceutical Industry Co LtdPlans to acquire controlling stake in Bajia Yi Pharmaceutical, expanding into innovative drugs.

Tonghua Golden Horse's wholly-owned subsidiary, Guilin Golden Horse Innovation Investment Company, has signed a merger and acquisition intent agreement with Bajia Yi Pharmaceutical Company to acquire a controlling stake in Bajia Yi Pharmaceutical. Bajia Yi Pharmaceutical is an innovative pharmaceutical company primarily engaged in the research and development of original new drugs, with a registered capital of 137 million yuan. It holds 23 drug research and development patents, as well as clinical trial approvals for two Class 1 chemical new drug varieties and one Class 1 traditional Chinese medicine new drug variety. Its main product, malifutide for injection, is a neuroprotective Class 1 chemical new drug for the treatment of acute ischemic stroke. It has completed Phase I clinical trials and is currently in Phase II clinical trials.
Tonghua Golden-Horse Pharmaceutical Industry Co LtdPlans to acquire controlling stake in Bajia Yi Pharmaceutical, expanding into innovative drugs.
Target of acquisition; holds valuable drug patents and clinical trial approvals.
As the acquiring subsidiary, it is executing the M&A agreement.