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Tianyin Pharma Forms TCM Distribution JV with Buchang Pharma

publication date: Jan 15, 2015
Tianyin Pharma will form a Joint Venture with Buchang Pharmaceutical of Shangdong to increase China distribution of its modernized formulations of traditional Chinese medicines. In return for a 95% stake in the JV, Tianyin will contribute its portfolio of TCM products and its newly completed production facility in Qionglai. which constitute the JV's registered capital of $33 million. If Buchang added any capital for its 5% ownership of the JV, it wasn't disclosed. More details....

Stock Symbol:(NYSE: TPI)

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