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Alliance Boots And Guangzhou Pharmaceutical Holdings Form Joint Venture

This article was originally published in PharmAsia News

Executive Summary

British pharmaceutical giant Alliance Boots and Guangzhou Pharmaceutical Holdings have set up the largest joint venture in China's pharmaceutical distribution field. Guangzhou Pharmaceuticals, established on Feb. 26, is equally owned by both corporations, with Alliance Boots investing 545 million yuan ($76.6 million). Industry observers believe the partnership will change the structure of the country's pharmaceutical distribution industry and accelerate the pace of foreign enterprises entering China. The new company aims to become a local industry leader by expanding its network, implementing advanced management systems and increasing its market share with the introduction of Alliance Boots' brands. It plans to acquire other distributors around the country to spread its reach beyond Guangzhou. (Click here for more - Chinese language)
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