Please login to the form below

Not currently logged in
Email:
Password:

China's Tasly to form pharma JV with UK Co-op group

Tasly Group, which is the parent of listed Tasly Pharmaceutical, has signed an agreement to form a pharmaceutical joint venture with the UK's Co-operative Group, in Tianjin in northern China.

Tasly Group, which is the parent of listed Tasly Pharmaceutical, has signed an agreement to form a pharmaceutical joint venture with the UK's Co-operative Group, in Tianjin in northern China.

According to a statement on the Tasley website, the venture's registered capital is USD 18m, with total investment expected to be in the region of USD 40m.

The new venture is slated to begin operations in 2009 with annual capacity of 200 millon pills and 200 million capsules. All the drugs manufactured by the plant will be exported to the EU market.

The tie up will give the Co-op, which operates more than 600 chemists in the UK and a pharmaceutical wholesaling business, greater control over its supply chain.

No further financial details were disclosed.

The Tasly Group was founded in 1994 and specialises in modern traditional Chinese medicine as well as scientific R&D and production. It is one of China's top three pharmaceutical suppliers, with a market value of around GBP 1.1bn (USD 2.2bn).

6th August 2007

Share

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
Empowering Strategic Performance Ltd

OUR GOAL: To help clients Metamorph™ Science into Action that changes healthcare to improve the lives of patients. Empowering Strategic...

Latest intelligence

Harness the power of data to map new patient pathways
Oli Hudson, of Wilmington Healthcare, explains why pharma needs to put data at the heart of its bid to support the NHS Reset...
What NORD’s RareInsights® 30-year comparative analysis means to us and our clients at OPEN Health
...
Peter Jackson
Rethinking our approach to infectious disease preparedness
The importance of long-term strategic investment to prepare for the next threat that emerges...

Infographics