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Pfizer and Zhejiang Hisun Sign MOU for Branded Generics JV

publication date: Jun 2, 2011
Pfizer and Zhejiang Hisun Pharma are in the process of forming a branded generics JV, a potentially significant initiative for gaining a larger position in China’s pharmaceutical market. About 60% of China’s drug spending goes to generics. Both companies would contribute products or other capabilities into the new JV, which is seen initially as a manufacturing venture. It will also commercialize and market drugs and conduct R&D on off-patent medicines. So far, the two companies have signed a Memorandum of Understanding. More details....

Stock symbols: (NYSE: PFE) (SHA: 600267)

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