Guangzhou Pharmaceuticals Corporation
TypeJoint venture
IndustryPharmaceuticals
Founded1951 (1951) (foundation)
2008 (2008) (as a joint venture with Alliance Boots)
Headquarters
Guangzhou, Guangdong
,
China
Area served
China
Key people
Jinghui Yu (President)
RevenueRMB 16.9 billion
OwnerWalgreens Boots Alliance (50%)
Guangzhou Pharmaceutical Holdings (50%)
Websitewww.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. Retrieved 23 March 2013.
  2. ↑ "Company Overview of Guangzhou Pharmaceutical Corporation Limited". Bloomberg Businessweek. Archived from the original on April 10, 2013. Retrieved 23 March 2013.
  3. ↑ "Alliance Boots in joint venture to enter China". Reuters. 29 January 2007. Retrieved 23 March 2013.
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