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3SBio and DaVita Announce $20 Million Dialysis JV for China

publication date: Mar 9, 2012
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3SBio will form a $20 million JV with DaVita Inc., a US-based company that owns and operates kidney dialysis clinics. The JV will provide dialysis services to Jilin and Liaoning provinces in northeast China. DaVita will contribute 70% of the start-up capital and 3SBio will be responsible for the remainder. As part of the agreement, the JV will use 3SBio’s EPAIO, a recombinant human erythropoietin, to treat the anemia that is often a side-effect of dialysis. More details....

Stock Symbols: (NSDQ: SSRX) (NYSE: DVA)

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