Guangzhou Pharmaceuticals

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Guangzhou Pharmaceuticals Corporation
Type 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(s) Alliance Boots (50%)
Guangzhou Pharmaceutical Holdings Limited (50%)
Website www.gzmpc.com/index_en.php

Guangzhou Pharmaceuticals Corporation is a pharmaceutical wholesaling and distribution company headquartered in Guangzhou, China, and a 50:50 joint venture between Alliance Boots 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[edit]

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[edit]

  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[edit]