Pfizer launches generics JV in China with Hisun

14 September 2012

Global drugs behemoth Pfizer (NYSE: PFE) and Zhejiang Hisun Pharmaceuticals (SSE Code: 600267), a leading Chinese pharmaceutical company, have announced the launch of Hisun-Pfizer Pharmaceuticals Co), a joint venture formed between the two companies to develop, manufacture and commercialize off-patent pharmaceutical products in China and global markets. This furthers the companies’ earlier framework agreements (The Pharma Letter February 19).

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