Bloomage and Medytox set up JV to develop botulinum toxin market in China

30 July 2015

Hong Kong-based Bloomage BioTechnology Corp (00963: HK) has entered a strategic cooperation with the South Korean biotech company Medytox (086900: KS) to establish a joint venture, to be called Medybloom, to develop and promote Type A Botulinum Toxin business in China.

Medytox, the botulinum toxin brand, occupies the highest market share in Korea, and is also the fourth company in the world to successfully develop and produce botulinum toxin, leveraging on its outstanding technical capability.

Outranked Allergan in Korean market

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