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Drugmaker Cipla, a prominent name in the respiratory segment in India, is now eyeing the Chinese market through a manufacturing joint venture in the country with Shanghai-based Jiangsu Acebright Pharma to make respiratory drugs in China. Respiratory illnesses are a major cause of death in the country.
Cipla (EU), a UK-based wholly owned subsidiary of Cipla, and Jiangsu Acebright Pharma will set up a JV in China, where the former would hold an 80 per cent stake and Acebright would hold the remaining for a combined investment of $30 million.
The JV will set up a manufacturing facility of respiratory products. The
