Sidus and Biosintetica form Latin American JV
Argentina-based Sidus and Biosintetica of Brazil are to form BiolatinaFarmaceutica, a $2 million joint venture which will sell specialized medicines, focusing on the Latin American market, according to reports in both South American Business Information and La Nacion. The JV's first commercial office will be in Chile, with planned subsidiaries in Mexico and Venezuela. Products will be sold under license and made by Argentina's Bio Sidus. The JV is hoping to report $6 million in revenues during its first year of operations.
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