AstraZeneca (AZN) is buying privately-held Guangdong BeiKang Pharmaceutical, a Chinese maker of...

|About: AstraZeneca Group plc (AZN)|By:, SA News Editor

AstraZeneca (AZN) is buying privately-held Guangdong BeiKang Pharmaceutical, a Chinese maker of generic injectable antibiotics, for an undisclosed sum. The move consolidates AZN's No. 2 position in China (behind Pfizer) as the company increasingly turns to emerging markets for growth.