News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Chi-Med JV Gains Rights To Distribute Six TCM Drugs


6/2/2014 1:39:43 PM

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

by Richard Daverman, PhD

June 2, 2014 -- Chi-Med said its China drug distribution JV, Shanghai Hutchison Pharma, has been granted rights to distribute six prescription TCM drugs in China. The drugs, which have annual sales of $7 million, are made by Shanghai Traditional Chinese Medicine, Chi-Med’s partner in the JV. According to Chi-Med, the six-drug package is part of a restructuring of the drug distribution JV, which does not change its equity structure, but allows an “expansion of its business scope.” Chi-Med did not elaborate. More details....

Stock Symbol: (AIM: HCM)

Help employers find you! Check out all the jobs and post your resume.

Read at ChinaBio Today


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES