Fosun Pharma and Lonza Group Ltd. (LZAGY.PK) to Start $15.6 Million Generic Drug JV  
9/7/2011 12:10:13 PM

September 7, 2011 -- Shanghai Fosun Pharmaceutical (Group) and Lonza Group of Switzerland will form a generic drug JV with 100 million RMB ($15.6 million) in capital. The JV will take advantage of the strengths of each parent: Lonza in APIs and intermediates; Fosun in finishing and China distribution. The JV will be owned equally by the two partners. More details....

Stock Symbols: (SHE: 600196) (VTX: LONN)