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See Latest ArticlesGSK Teams with Shenzhen Neptunus for Chinese Vaccines
PharmExec, 06/11/09
GlaxoSmithKline, on Tuesday, announced a joint venture with Chinese vaccine maker Shenzhen Neptunus to manufacture flu vaccines on Chinese soil. GSK will have a 40 percent stake in the endeavor in exchange for $34 million in cash and assets, with a plan to obtain a controlling share within the next two years. The profits reaped from the deal will be distributed between the two companies in proportion to their respective equity interest.
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