Merck and Simcere agree joint venture
Will initially offer drugs for cardiovascular and metabolic diseases
Merck & Co, known as MSD outside the US and Canada, is to form a joint venture with China’s Simcere Pharmaceutical Group with the aim initially of offering branded pharmaceutical products for cardiovascular and metabolic diseases in China.
No financial details were given.
In the area of cardiovascular disease, the partnership will offer a combined portfolio of drugs, which includes Merck’s Zocor (simvastatin), Cozaar (losartan) and Renitec (enalapril) and Simcere’s Xinta (levamlodipine) and Shufutan (rosuvastatin).
In the metabolic disease area, the partnership aims to maximise access in China to sitagliptin, a DPP-IV inhibitor for the treatment of type 2 diabetes.