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Biocon Joins March Into China With CMS

 
• By Penelope MacRae

Biocon has joined the march of Indian firms into China, tying up with Chinese firm CMS to sell three generic formulations in the world’s second-largest drug market.

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Three products will lead Biocon’s push into China • Source: Shutterstock

Biocon has become the latest Indian company to partner with a Chinese firm to enter the country’s fast-growing pharmaceutical market. The company has signed a license-and-supply deal with China Medical System Holdings Ltd, known as CMS, to sell three generic formulation products in the country. Biocon says opportunities from the fast-liberalizing Chinese drug market could be an important driver of future profit growth.

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