Joint venture | |
Industry | Pharmaceuticals |
Founded | 1951 2008 (as a joint venture with Alliance Boots) |
(foundation)
Headquarters | Guangzhou, Guangdong, China |
Area served
|
China |
Key people
|
Jinghui Yu (President) |
Revenue | RMB 16.9 billion |
Owner |
Walgreens Boots Alliance (50%) Guangzhou Pharmaceutical Holdings (50%) |
Website | www |
Guangzhou Pharmaceuticals Corporation (广州医药集团) is a pharmaceutical wholesaling and distribution company headquartered in Guangzhou, China, and a 50:50 joint venture between Walgreens Boots Alliance and Guangzhou Pharmaceutical Holdings Limited. It is the third-largest pharmaceutical wholesaler in China measured by revenues.
Guangzhou Pharmaceuticals wholesales prescription drugs, over-the-counter drugs, medical devices, chemical reagents, experiment equipment and glass wares.
Guangzhou Pharmaceuticals Corporation was founded in 1951. In January 2007 Alliance Boots agreed to acquire a 50 percent interest in Guangzhou Pharmaceuticals Corporation for £38 million, making it a 50:50 joint venture with Guangzhou Pharmaceutical Co., Ltd.