Global drugs behemoth Pfizer (NYSE: PFE) has signed a memorandum of understanding (MOU) with Shanghai Pharmaceutical (SHSE: 601607) for the companies to jointly pursue potential business opportunities in China.
The potential partnership is intended to leverage both companies’ strengths, matching Pfizer’s global capabilities in developing innovative medicines with Shanghai Pharmaceutical’s capabilities and reach in the China market. The companies are currently exploring a potential cooperation for the registration, commercialization and distribution in China of an innovative Pfizer product. In addition, the companies plan to explore future cooperation opportunities, including further distribution and commercialization, research and development activities, manufacturing and equity investment opportunities.
Anticipate strengthening current Prevenar accord
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