Fosun and Sinopharm Form $1 Billion Drug Distribution JV

Shanghai Fosun High Technology and Sinopharm Group will form a JV to build a nationwide drug logistics network. The “early stage” investment is expected to total between $500 million and $1 billion. In China, there are no national-level drug-device distribution companies that can supply a product everywhere in the country. The Sinopharm-Fosun JV seems to be aimed at building that company. Fosun will own 60% of the JV and Sinopharm the remaining 40%. More details.... Stock Symbols: (HK: 656) (HK: 1099) Share this with colleagues: // //