Guangzhou Pharmaceuticals Corporation (广州医药集团) is a pharmaceutical wholesaling and distribution company headquartered in Guangzhou, China, and a 50:50 joint venture between Walgreens Boots Alliance and Guangzhou Pharmaceutical Holdings Limited. It is the third-largest pharmaceutical wholesaler in China measured by revenues. Guangzhou Pharmaceuticals wholesales prescription drugs, over-the-counter drugs, medical devices, chemical reagents, experiment equipment and glass wares. Guangzhou Pharmaceuticals Corporation was founded in 1951. In January 2007 Alliance Boots agreed to acquire a 50 percent interest in Guangzhou Pharmaceuticals Corporation for £38 million, making it a 50:50 joint venture with Guangzhou Pharmaceutical Co., Ltd. More information...
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