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Hisun-Pfizer Split: What Went Wrong And What Next?

 
• By Ying Huang

The breakup of the Hisun-Pfizer JV typifies an unhappy marriage between Chinese and MNC pharma firms in the generics segment in recent years, although the two companies will continue to work as commercial partners under a new framework. Scrip delves into the reasons for the split and also outlines why, China is, nevertheless, expected to see more joint ventures for innovative drugs.

Shanghai

Two weeks after suspension of trading, Zhejiang Hisun Pharmaceutical Co. Ltd. officially addressed enquiries from the Shanghai Stock Exchange regarding the split-up of the Hisun-Pfizer Pharmaceuticals Co. Ltd. joint venture.

On Nov. 29 Hisun revealed the new framework agreement with Pfizer Inc. on the ongoing product technology transfer, which...

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