Yabao Pharmaceuticals and Salus Pharma Announce Partnership

 

BEIJING & MONMOUTH JUNCTION, N.J.–Yabao Pharmaceutical Co, Inc. (Shanghai Stock Exchange 600351) and Salus Pharma LLC today announced a strategic partnership to co-develop, manufacture and commercialize high technological barrier generic drugs worldwide.

Under the terms of the agreement, Yabao will exclusively own rights to commercialize certain Salus Pharma-developed products outside the U.S. and to manufacture for worldwide markets, while Salus Pharma will retain rights to commercialize in the U.S. Financial terms were not disclosed.

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