China’s New Guidelines On Foreign Investment Loosens Restrictions On Drug Distribution
This article was originally published in PharmAsia News
A revised investment rule could open new opportunities in China’s enormous pharmaceutical distribution business. The sector, which has already embraced U.S. giant Cardinal Health and the UK’s Alliance Boots, is set for a major consolidation in coming years.
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Major UK pharmaceutical and beauty products distributor Alliance Boots announced the appointment of retired Zuellig Pharma CEO Fritz Horlacher to head its heathcare division in Asia. The company aims to expand in Asia, especially in Thailand and Korea, which will pose a big challenge to Zuellig and other heavyweight pharmaceutical distributors
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