Guangzhou Pharmaceuticals

Guangzhou Pharmaceuticals Corporation
Type	Joint venture
Industry	Pharmaceuticals
Founded	1951 (foundation); 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

↑ "Chinese joint venture for Boots". BBC News. 29 January 2007. http://news.bbc.co.uk/1/hi/business/6308829.stm. Retrieved 23 March 2013.
↑ "Company Overview of Guangzhou Pharmaceutical Corporation Limited". Bloomberg Businessweek. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=5547738. Retrieved 23 March 2013.
↑ "Alliance Boots in joint venture to enter China". Reuters. 29 January 2007. http://uk.reuters.com/article/2007/01/29/alliance-boots-china-idUKNOA92694220070129. Retrieved 23 March 2013.

External links

Guangzhou Pharmaceuticals

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[1] "Chinese joint venture for Boots". BBC News. 29 January 2007. http://news.bbc.co.uk/1/hi/business/6308829.stm. Retrieved 23 March 2013.

[2] "Company Overview of Guangzhou Pharmaceutical Corporation Limited". Bloomberg Businessweek. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=5547738. Retrieved 23 March 2013.

[3] "Alliance Boots in joint venture to enter China". Reuters. 29 January 2007. http://uk.reuters.com/article/2007/01/29/alliance-boots-china-idUKNOA92694220070129. Retrieved 23 March 2013.