Beryllium Discovery has become a fully owned subsidiary of UK-based pharmaceutical company UCB Pharma, with the latter acquiring the remaining stake in the former.

"China Meheco has announced its plans to acquire 54% stake in a pharmaceutical company based in the Hainan province."

The target company is a drug discovery contract research organisation.

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The acquirer company expects the acquisition to help grow its pipeline.

China Meheco has announced its plans to acquire 54% stake in a pharmaceutical company based in the Hainan province.

The purchase consideration for the transaction is expected to be CNY286.2m ($42.05m).

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