Gedeon Richter Buys Out China JV Partner

Gedeon Richter Plc., a Hungarian pharma, acquired the 50% of its China JV that it did not already own from its former partner, Rxmidas Pharmaceuticals Holdings. The JV was announced in December 2010, with a $2.4 million capital contribution from Gedeon Richter, and it currently distributes the company's OTC and contraceptive products in China. The financial terms of the agreement were not disclosed. More details.... Share this with colleagues: // //