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Miles
Km80.5

   

Chi-Med and Nestle SA Form JV to Develop Chi-Med's Lead Drug Candidate


11/29/2012 10:11:54 AM

by Richard Daverman, PhD

November 28, 2012 -- Hutchison Chi-Med and Nestlé announced the formation of a major new JV based on Chi-Med’s expertise in traditional Chinese medicines. The JV, which will be called Nutrition Science Partners Limited, will focus on innovative gastrointestinal TCM-based medicines and nutritional products. Although the description sounds like an OTC venture, it also includes Chi-Med’s lead drug candidate, HMPL-004, a TCM-derived drug. HMPL-004 will soon begin Phase III trials as a treatment for ulcerative colitis and Crohn’s disease. More details....

Stock Symbol: (AIM: HCM)



Read at ChinaBio Today

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