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Taiwan Liposome forms JV with Jixi in China
January 26, 2018 7:40 PM UTC
Taiwan Liposome Co. Ltd. (TPEx:4152) said it entered into a joint venture with Jixi Biotechnology to promote and market Taiwan Liposome's drugs more efficiently in China.
Jixi will invest $20 million to purchase a partial stake in TLC Biopharmaceuticals (H.K.) Ltd., a Hong Kong subsidiary of Taiwan Liposome, through which Taiwan Liposome's products will be commercialized in China. Jixi has the option to increase its stake for total payments of $50 million. Taiwan Liposome said it maintains a majority stake in its Hong Kong subsidiary...
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