Guangzhou Pharmaceuticals

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| 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. 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.

## External links

* Guangzhou Pharmaceuticals

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