December 5, 2013
Zhengbang Group and Merial China to cooperate on animal health business
In a memorandum signed on November 22, Zhengbang Group and Merial China agreed to set up a joint venture in Jiangxi Province and start cooperation in the areas of pharmaceutical manufacturing, development of FMD vaccines and customised vaccines.
According to the memo, Zhengbang Group will manage the operation of the joint venture, while Merial China will provide technical support for the development of livestock vaccines in the Chinese market.
The two companies are in discussion about the shareholder equity ratio, forms of investment, product portfolio and business prospects for the new venture.
Industry analysts said that the cooperation between Zhengbang Group and Merial China will bring long-term benefits for both companies, and promote the animal health industry in China.