Guangzhou Pharmaceuticals

For the football club once sponsored by this company, see Guangzhou Evergrande F.C.
Guangzhou Pharmaceuticals Corporation
Joint venture
Industry Pharmaceuticals
Founded 1951 (1951) (foundation)
2008 (2008) (as a joint venture with Alliance Boots)
Headquarters Guangzhou, Guangdong, China
Area served
China
Key people
Jinghui Yu (President)
Revenue RMB 16.9 billion
Owner Walgreens Boots Alliance (50%)
Guangzhou Pharmaceutical Holdings (50%)
Website www.gzmpc.com/index_en.php

Guangzhou Pharmaceuticals Corporation (广州医药集团) is a pharmaceutical wholesaling and distribution company headquartered in Guangzhou, China, and a 50:50 joint venture between Walgreens Boots Alliance and Guangzhou Pharmaceutical Holdings Limited. It is the third-largest pharmaceutical wholesaler in China measured by revenues.[1]

Guangzhou Pharmaceuticals wholesales prescription drugs, over-the-counter drugs, medical devices, chemical reagents, experiment equipment and glass wares.[2]

History

Guangzhou Pharmaceuticals Corporation was founded in 1951. In January 2007 Alliance Boots agreed to acquire a 50 percent interest in Guangzhou Pharmaceuticals Corporation for £38 million, making it a 50:50 joint venture with Guangzhou Pharmaceutical Co., Ltd.[3]

References

  1. "Chinese joint venture for Boots". BBC News. 29 January 2007. Retrieved 23 March 2013.
  2. "Company Overview of Guangzhou Pharmaceutical Corporation Limited". Bloomberg Businessweek. Retrieved 23 March 2013.
  3. "Alliance Boots in joint venture to enter China". Reuters. 29 January 2007. Retrieved 23 March 2013.

External links


This article is issued from Wikipedia - version of the 10/4/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.