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A new trend – Indian Pharmaceutical companies buying major stakes in Chinese Pharmaceutical companies to enter the Chinese markets
Subir Laha
Mar. 24, 2005
When Matrix Laboratories Ltd of India announced that it has signed a new Memorandum of Understanding to buy 60% stake in China's MCHEM Pharma Group Ltd, many thought that it is an isolated case.
Investigative sources say, with the new patent bill passed in both the houses, Indian Pharmaceutical companies are planning to participate in developing economies like China through buying stakes in Chinese companies and providing innovative research as well as excellent products.
N Prasad, Chairman & CEO of Matrix Laboratories said in Mumbai, India - "Apart from emerging as a fully integrated and cost effective pharmaceutical player, the combined strengths of Matrix and MCHEM should provide an opportunity to meet the unmet needs of certain emerging markets including China.”
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