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Pfizer & Hisun’s business merger gives birth to Hisun-Pfizer Pharmaceuticals in China

Posted on 13 September 2012

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Pfizer, the top pharma company entered in a business merger agreement with Zhejiang Hisun Pharmaceuticals to  launch of Hisun-Pfizer Pharmaceuticals, a joint venture formed between the two companies to develop, manufacture and commercialize off-patent pharmaceutical products in China and global markets.

Off-patent medicines, including branded generics, represent one of the fastest-growing segments in the global pharmaceutical market.

The business merger venture, Hisun-Pfizer has an aggregate investment of USD 295 million and a registered capital of USD 250 million.

Hisun holds 51% of the share and Pfizer holds 49%.

The parties will contribute select existing products to the joint venture, which will have a broad portfolio covering cardiovascular disease, infectious disease, oncology, mental health, and other therapeutic areas.

The parties will also contribute manufacturing sites, cash and other relevant assets.

For further deal information visit Current Agreements (subscription required)

 

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