Merck & Co sets up China marketing JV with Simcere

22 July 2011

US pharma giant Merck & Co (NYSE: MRK) has signed a framework agreement with leading Chinese drugmaker Simcere Pharmaceuticals (NYSE: SCR) to establish a joint venture focused on serving China's rapidly expanding health care needs by providing significantly improved access to quality medicines in major therapeutic areas. Setting up of the JV is subject to satisfying certain agreed to closing conditions.

This novel and innovative partnership will combine the extensive resources and expertise of a global health care company and a leading Chinese pharmaceutical company in support of Merck and Simcere's goal of building a strategic partnership with development, registration, manufacturing and sales capabilities. The initial focus of the partnership will be branded pharmaceutical products for cardiovascular and metabolic diseases.

Combined portfolio of cardiovascular and diabetes drugs to be sold

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