Hutchinson expands TCM commercial operation as its pipeline revs up
SHANGHAI – Hutchinson China Meditech Ltd. (Chi-Med) has struck a new deal with its joint venture partner of 13 years, Shanghai Traditional Chinese Medicine Co. Ltd. (STCM), to exclusively sell six prescription drugs in China. Chi-Med's commercial operations help to fund its extensive R&D efforts, with seven candidates in the clinic for oncology, immunology and inflammation.
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