CSL Behring turns to SinoPharm (again) for Chinese market expansion

CSL Behring, a wholly owned subsidiary of Australia-based CSL Ltd (ASX:CSL), announced the strategic partnership with China-based Sinopharm Group Co., Ltd, a subsidiary of state-owned behemoth China National Pharmaceutical Group Corporation, seeking to rev up its product accessibility in China. Under the agreement, CSL Behring will initiate a fourth-party logistics operation model covering its imported human albumin products, providing import, logistics and distribution end-to-end services.

CSL Behring, which owns CSL Plasma, one of the world’s largest plasma collection networks, has become a major supplier of human albumin in China, where it has been supplying since 1997. Human albumin is used to treat a variety of diseases, including shock caused by blood loss, burns and infections, and prevention and treatment of hypoproteinemia. The company has already established retailing and distribution partnerships with Sinopharm’s compatriot firms Baheal Pharmaceutical Group and Guangzhou Pharmaceuticals Corporation in December 2018 and February 2019 respectively, as reported by GBI. The latest deal with Sinopharm it expected to ratchet up CSL Behring’s market presence in China, and lay the groundwork for the firm’s sustainable business.


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