As part of a growing march into China by Indian generic drug companies, Aurobindo Pharma has formed a second joint venture to serve the Chinese market. Aurobindo’s move comes as China has embarked on a major overhaul of its medicine-procurement system to provide faster and cheaper access to quality drugs for its 1.4bn people who have some of the highest cancer, cardiac disease and diabetes rates globally.
Aurobindo said its Helix Health BV unit, based in The Netherlands, had struck a deal with Chinese firm Shanghai LongJin...