Articles > Popular publications > PR Newswire press releases > January-March 1996 > Wednesday, March 6

Article: WATSON PHARMACEUTICALS ANNOUNCES JOINT VENTURE IN CHINA

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PR Newswire
Article date:
March 6, 1996
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CORONA, Calif., March 6 /PRNewswire/ -- Watson Pharmaceuticals, Inc. (Nasdaq: WATS) today announced that its wholly-owned subsidiary, Watson Pharmaceuticals (Asia) Ltd. ("Watson (Asia)"), has agreed to form two joint ventures with China-based Changzhou No. 4 Pharmaceutical Factory ("Changzhou"). The first joint venture, Changzhou Watson Pharmaceutical Co. Ltd. ("Joint Venture A") will establish a manufacturing facility in China for the production of pharmaceuticals and related products. Joint Venture A will market and sell products in China, with products outside China being sold through Watson (Asia).

A second joint venture between Watson (Asia) and Changzhou will ... 







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