Zhejiang Starry Pharmaceutical (603520.SH) plans to acquire a 20% stake in Rui Shi Pharmaceutical for 10 million yuan to increase CMO production capacity.

Zhejiang Starry Pharmaceutical (603520.SH) announced that the company plans to acquire 20.00% equity of Jiangsu Ruishi Pharmaceutical Co., Ltd. (referred to as "Ruishi Pharmaceutical") held by Ms. Li Yongping for 10 million yuan. The announcement shows that Ruishi Pharmaceutical has established deep cooperation with well-known domestic and foreign CDMO companies and first-line innovative drug companies. Its product line covers a variety of core raw materials such as small molecule compounds, amino acids and their derivatives, dedicated to providing stable and reliable high-quality material support for customers from early drug research and development to application stage, accelerating the process of new drug development. Through this transaction, it will benefit the company's CMO capacity enhancement and the development of downstream customers.