Guangzhou Pharmaceuticals

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]

For the football club once sponsored by this company, see Guangzhou Evergrande F.C.
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 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. 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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