Two Japanese Drug Wholesalers Set Up China JVs

Two large, publicly traded Japanese drug wholesalers have announced plans to establish JVs that will extend their services to China. Although both companies are Japanese and both are drug wholesalers, their business plans are quite different. Mediceo Paltac Holdings Co. and Mitsubishi Corp., which formed a health care alliance in 2005, will now begin offering their drug management services in hospitals. Toho Pharmaceutical Co. and major China wholesaler Jointown Group Co. have established a JV to supply Japan-sourced drugs in China. More details...

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