Latest News:  
Beijing   Cloudy/Overcast    24 / 15   City Forecast

Home>>China Business

Pfizer, China's Guoyuan to create animal vaccine joint venture

(Xinhua)

13:54, September 10, 2011

BEIJING, Sept. 9 (Xinhua) -- Pfizer Animal Health, a subsidiary of Pfizer Inc., and Jilin Guoyuan Animal Health Co., Ltd. announced on Friday that they will create a joint venture program to develop, manufacture and distribute animal vaccines in China.

Jilin Pfizer Guoyuan Animal Health Co., Ltd. will bolster the capabilities of both companies to offer vaccines for China's livestock producers amid increasing demand for a safe and abundant supply of pork, beef, dairy and poultry, Pfizer and Guoyuan said in a joint statement.

The two companies have valued China's animal vaccine market at 800 million U.S. dollars per year.

Pfizer Guoyuan Animal Health will initially focus on developing vaccines for pigs, as China is world's leading producer of pork.

The terms of the agreement have not been disclosed. The joint venture remains subject to approval by government authorities in China.

Established in Jilin's Huinan Economic Development Zone in 2009, the Jilin Guoyuan Animal Health Company is mainly engaged in the research, development, manufacture and sale of veterinary products.

Email|Print|Comments(Editor:张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Siberian tiger's 1st successful breeding in the wild in China

  2. U.S. security chief calls for vigilance against 9/11 threat

  3. "Audrey" fall and winter underware fashion show

  4. Libya's NTC fighters on their way to Bani Walid

Most Popular

Opinions

  1. Springtime for Libya?
  2. China firmly opposes US sales of F-16s to Taiwan
  3. Mastering the art of public speaking
  4. Arms traders fumbled contact with Gaddafi
  5. More effort needed to "go global"
  6. Cross-border RMB settlement developing rapidly
  7. Chinese FDI wrongly seen as harbinger of doom
  8. The unlearnt lessons of 9/11 today
  9. Opinion: China's economy has landed, safely
  10. Success in Libya cannot pull Europe out of crisis

What's happening in China

Ex-leader's new book already a hot seller

  1. Huaxi Village completes controversial skyscraper
  2. New insurance law covers foreign employees
  3. Volunteers help Tibetan antelope hit the road
  4. All 12 trapped miners confirmed dead
  5. School stole teachers' identities

PD Online Data

  1. Water-Splashing Festival of Dai
  2. The Uyghur Muqam of Xinjiang
  3. Traditional Folk Long Song
  4. The Guqin and its Music
  5. Grand Songs of Dong