Tibet Pharmaceuticals to extend distribution network in China
Tibet Pharmaceuticals has signed a letter of intent (LOI) to cooperate with Anhui Taihe Pharmaceutical Group, a wholesale pharmaceutical distribution company.
The LOI is expected to help Tibet Pharmaceuticals to grow in China's fragmented pharmaceutical and traditional Tibetan medicine industries.
Anhui Taihe Pharmaceutical is based in Anhui province with a network across 16 provinces and municipalities in China.
Tibet Pharmaceuticals CEO and chairman Hong Yu said that the management team at Tibet is pleased to announce the signing of LOI with Anhui Taihe Pharmaceutical Group.
"We expect the proposed strategic cooperation agreement to increase our line of Tibetan pharmaceutical products' reach and contribute to our expansion in China," Yu added.
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