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]
External links
References
- Chinese joint venture for Boots BBC News, 29 January 2007, retrieved 23 March 2013^
- Company Overview of Guangzhou Pharmaceutical Corporation Limited Bloomberg Businessweek, retrieved 23 March 2013^
- Alliance Boots in joint venture to enter China Reuters, 29 January 2007, retrieved 23 March 2013^