Cardinal Plans Geographic, Services Expansion In China As Massive Consolidation Steams Ahead
This article was originally published in PharmAsia News
Cardinal is entering new fields, including direct-to-patient distribution, as it tries to differentiate itself from local Chinese distributors.
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SHANGHAI - China's drug distribution market and retail pharmacy revenue reached RMB 708 billion ($110.9 billion) in 2010, a 24.6% increase from 2009, and the top three drug distributors' market share increased by 5.8% to 26.7% through aggressive acquisitions to expand their distribution networks, according to China's Ministry of Commerce.
Cardinal Health's Acquisition Of Zuellig Pharma Signal Of China's Intent To Allow More Foreign Investment?
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