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Guangzhou Pharma May Form China Generics JV with Teva Pharma

publication date: Nov 3, 2017

Guangzhou Pharma may partner with Teva Pharma, the world's largest generic drugmaker, to form a JV that would bring the Israeli company's generics to China, according to a Bloomberg article. Teva refused to confirm the JV plans, but it didn't deny them either. The two companies already have a relationship: Guangzhou Pharma is awaiting China approval of several Teva generics. Teva does not currently have a major China presence, a surprise given the company's size and generic drug offerings. More details....

Stock Symbol: (NYSE: TEVA)

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