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BRIEF-Tsumura unit to set up JV TSUMURA SHENGSHI PHARMACEUTICALS with crude drug firm
November 30, 2017 / 8:30 AM / in 13 days

BRIEF-Tsumura unit to set up JV TSUMURA SHENGSHI PHARMACEUTICALS with crude drug firm

Nov 30(Reuters) - Tsumura & Co

* Says its wholly owned Shanghai-based unit plans to set up a JV TSUMURA SHENGSHI PHARMACEUTICALS CO., LTD with a Tianjin-based crude drug firm

* Says the JV will be established in January 2018 and will be capitalized at 400 million yuan (about 6.76 billion yen)

* Says its unit will hold a 70 percent stake in the JV

Source text in Japanese:goo.gl/6PnpTL

Further company coverage: (Beijing Headline News)

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