Issue Date: February 27, 2012
Merck And Pfizer Strike Generics Deals
Merck & Co. and Brazil’s Supera Farma Laboratorios have formed a joint venture to market pharmaceuticals and branded generics in Brazil. The partners will initially market approximately 30 products across multiple therapeutic areas. Meanwhile, Pfizer and Shanghai-based Hisun Pharmaceutical have advanced plans for a joint venture to commercialize off-patent drugs in China and other markets. Pfizer will own 49% of its joint venture with Hisun and invest $295 million in it. Merck will own 51% of its joint venture with Supera. Financial details of that deal were not disclosed.
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