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BRIEF-Sihuan Pharmaceutical updates on deal with Buchang Pharma regarding distributorship of two products
May 16, 2017 / 3:06 PM / 4 months ago

BRIEF-Sihuan Pharmaceutical updates on deal with Buchang Pharma regarding distributorship of two products

May 16 (Reuters) - Sihuan Pharmaceutical Holdings Group Ltd :

* Company has recently entered into an agreement with Buchang Pharma with respect to distributorship of two products

* “Currently, Buchang Pharma has 100% equity interests in Tonghua Guhong, and intends to terminate distributorship arrangement with group”

* Following disposal of 50% interest in Jilin Sichang, group intends to retrieve its nationwide distributorship of Qunao from Buchang

* As per distribution deal between co & Buchang, arrangement between Tonghua Guhong and Buchang on Guhong product shall be terminated

* As per distribution deal between co & Buchang, arrangement between Jilin Sihuan and buchang on Qunao Product shall also be terminated Source text for Eikon: Further company coverage:

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