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Artepharm Global to Market TCM-Based Malaria Drug

publication date: Apr 20, 2010
Artepharm Global Corp. formed a joint venture with a similarly named China company, Artepharm Co. Ltd. (Artepharm China), to market a malaria drug. Artepharm China is a Guangzhou based biopharma whose malaria drug, Artequick®, produced $1.5 million of revenue in 2009. Under the terms of the JV, Artepharm Global will acquire the global marketing rights and hold the global patents for Artequick, as well as retain all the sales revenues in exchange for 40 million shares of Artepharm Global’s stock. More details...

Stock Symbol: (OTCBB: ARGC)

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