Guangzhou Pharmaceuticals
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]
 | |
| Type | Joint venture |
|---|---|
| Industry | Pharmaceuticals |
| Founded | 1951 (foundation) 2008 (as a joint venture with Alliance Boots) |
| Headquarters | , |
Area served | China |
Key people | Jinghui Yu (President) |
| Revenue | RMB 16.9 billion |
| Owner | Walgreens Boots Alliance (50%) Guangzhou Pharmaceutical Holdings (50%) |
| Website | www |
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
- "Chinese joint venture for Boots". BBC News. 29 January 2007. Retrieved 23 March 2013.
- "Company Overview of Guangzhou Pharmaceutical Corporation Limited". Bloomberg Businessweek. Archived from the original on April 10, 2013. Retrieved 23 March 2013.
- "Alliance Boots in joint venture to enter China". Reuters. 29 January 2007. Retrieved 23 March 2013.
External links
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