UK's Co-op to produce medicines in China via a joint venture
The UK's Co-operative Group, through its 60%-owned subsidiary Sants, has joined forces with Chinese herbal medicines maker Tasly (which owns the remainder of Sants) to manufacture prescription drugs in China. The Co-op plans to invest some L20.0 million ($40.6 million) towards the development of a manufacturing plant in Tianjin, the UK's Financial Times reports.
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