China and French set up the new health medicine enterprise jointly Expand the market of global non-prescribed medicine

China and French set up the new health medicine enterprise jointly Expand the market of global non-prescribed medicine
Hangzhou, November 3 of China News Service (reporter Zeng LiMing) It is announced together today that people's livelihood Pharmaceutcal Co., Ltd. and transnational pharmacy group's France match's promise Philippines - Ann Wan of Hangzhou are special: By two new enterprises of domain of medicine company of health set up jointly - -Hangzhou is comparable to the people's livelihood health Pharmaceutcal Co., Ltd. of Philippines of the promise and already get approval of Chinese Department of Commerce. Comparable to the intersection of promise and Philippines - the intersection of Ann and special Vice President, district of Greater China, Wan, defend, say French side occupies 60% of the stock rights in these joint venture while being flat, mainly produce and deal in vitamin and mineral products, and this is the greatest classification in market of Chinese non-prescribed medicine; The intersection of promise and Philippines - Ann cooperate specially the intersection of people's livelihood and medicine company for 15 year link him with the intersection of main products and 21 King their with comparable to already, the sales amount of this year has already reached 500 million yuan. Wei Ping claims, the market scale of global non-prescribed medicine will be about 7 billion euro in 2010; The market of Chinese non-prescribed medicine is the second largest market in the world, the annual compound growth rate of market of medicine company of China's health had invited 11% of Damien since 2005. As the urbanized process is deepened continuously, consumer's solvency is improving constantly, the self- medical trend is being growing, the market of medicine company of the health in China Mainland will continue keeping the growth in the following several years. He says, as the fifth major health medicine enterprise in the world, this company will pass and merge, expand capability in the field of health medicine company in the whole world, expand the market of Chinese non-prescribed medicine full of vigor in an all-round way. It is reported, at the end of October this year, have comparable to promise Philippines and already announced and purchased the sun stone of Nasdaq listed company. Zhu FuJiang, Chairman of Pharmaceutcal Co., Ltd. of people's livelihood in Hangzhou claims, the new joint venture will develop more health products cooperatively, and through being comparable to the Philippine marketing ability of the promise, make its product cover on each market. He reveals, the new enterprise plan makes the sales amount of the products reach 1,500 million yuan after 5 years. It is specially one of the transnational pharmacy groups entering China in the first batch to be comparable to Philippine Ann Wan of the promise, there are factories in Beijing, Hangzhou and Shenzhen respectively at present, three production bases built in China last year would go into operation in 2012. The medicine company of the people's livelihood is one of the Western medicine factories which China establishes first, have had professional pharmacy history of more than 80 years already, developing focus include the intersection of ophthalmology department and administration, take the place of blood plasma and the intersection of nutrition and infusion,etc. at present. (End)

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