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Zhejiang Hisun, Pfizer to Form $295 Million Drug Venture

Zhejiang Hisun Pharmaceutical Co. and Pfizer Inc. (PFE) agreed to form a $295 million venture to develop expired-patent drugs, according to a statement from the Chinese company to Shanghai’s stock exchange yesterday after markets closed.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

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