The Week in Review: Tasly Pharmaceutical to Build US Manufacturing Facility  
6/6/2011 12:24:08 PM

June 4, 2011 -- Tianjin Tasly Pharma will invest $40 million into a US facility to support its TCM-based treatment for coronary disease; Livzon Pharma will spend $154 million to build two new API fabrication facilities; Pfizer and Zhejiang Hisun Pharma signed an MOU to form a branded generics JV; Zhejiang Huahai Pharma received FDA approval of a generic Alzheimer’s treatment, donepezil; KingMed Diagnostics, a China diagnostic laboratory, will get second-opinion pathology consultations from the University of Pennsylvania Medical Center; First China Pharma has begun due diligence on its acquisition of a South China drug distributor; D-Pharm out-licensed China rights for its epilepsy treatment to Jiangsu Nhwa Pharma; and all eleven defendants charged with selling counterfeit Avastin have pled guilty. More details….

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