Santen and Chongqing Kerui set up new ophthalmic joint venture in China
Japanese ophthalmology specialist Santen Pharmaceutical (TYO: 4536) and state-owned Chinese group Chongqing Kerui have joined forces in a partnership promised to provide people in China with affordable ophthalmic products.
The Japanese company will take on the name Santen China in the collaboration, which will include the establishment of a manufacturing site in the city of Chongqing, one of four direct-controlled Chinese municipalities. This will be the largest site for making ophthalmic medicines in China.
Both firms have stated that the aim of the joint venture is to provide the highest-quality ophthalmic products at a reasonable price to the most patients possible in China.
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