Press Release –
London: Wednesday, 1 October 2014: Chi-Med, the pharmaceutical and healthcare company based primarily in China, today announces that Chi-Med, through its subsidiary Hutchison Whampoa Sinopharm Pharmaceuticals (Shanghai) Company Limited (“Hutchison Sinopharm”), has signed a co-promotion agreement with Merck Serono Co., Ltd. (“Merck Serono”) a subsidiary of Merck in China to market certain cardiovascular prescription drug products in China.
Hutchison Sinopharm will exclusively co-promote Merck Serono’s Bisoprolol Fumarate tablets, under the Concor® trademark, in several provinces in China. Concor® is a major brand in the beta-blocker sub-segment of the cardiovascular prescription drug market in China.
Chi-Med today operates a commercial network in China of approximately 1,600 cardiovascular market focused medical sales representatives, covering more than 13,000 hospitals, through its joint ventures, Shanghai Hutchison Pharmaceuticals Limited and Hutchison Sinopharm.
Ends
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Chi-Med |
Telephone: +852 2121 8200 |
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Panmure Gordon (UK) Limited |
Telephone: +44 20 7886 2500 |
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Citigate Dewe Rogerson Anthony Carlisle David Dible |
Telephone: +44 20 7638 9571 Mobile: +44 7973 611 888 Mobile: +44 7967 566 919 |
Chi-Med is a China-based healthcare group focused on researching, developing, manufacturing and selling pharmaceuticals and health-related consumer products. Its China Healthcare Division manufactures, markets and distributes prescription and over-the-counter pharmaceuticals in China. Its Drug R&D Division focuses on discovering and developing innovative therapeutics in oncology and autoimmune diseases. Its emerging Consumer Products Division focuses on organic and natural consumer products in Asia.
Chi-Med is majority owned by the multinational conglomerate Hutchison Whampoa Limited (SEHK:13). For more information, please visit: www.chi-med.com.
With over 1,300 employees and a nationwide presence, Merck Serono is dedicated to serving the Chinese market. Merck Serono currently markets 15 products in 8 therapeutic areas in China. Merck Serono China is No.1 in fertility and thyroid therapeutic areas, and has strong presence in cardiovascular, endocrinology, oncology and NDD diseases.