| Guangzhou Pharmaceuticals Corporation | |
| Type: | Joint venture |
| Foundation: | (foundation) (as a joint venture with Alliance Boots) |
| Location City: | Guangzhou, Guangdong |
| Location Country: | China |
| Area Served: | China |
| Key People: | Jinghui Yu (President) |
| Industry: | Pharmaceuticals |
| Revenue: | RMB 16.9 billion |
| Owner: | Walgreens Boots Alliance (50%) Guangzhou Pharmaceutical Holdings (50%) |
Guangzhou Pharmaceuticals Corporation (Chinese: 广州医药集团) is a pharmaceutical wholesaling and distribution company headquartered in Guangzhou, China, and a 50:50 joint venture between Walgreens Boots Alliance and Guangzhou Pharmaceutical Holdings Limited. It is the third-largest pharmaceutical wholesaler in China measured by revenues.[1]
Guangzhou Pharmaceuticals wholesales prescription drugs, over-the-counter drugs, medical devices, chemical reagents, experiment equipment and glass wares.[2]
Guangzhou Pharmaceuticals Corporation was founded in 1951. In January 2007 Alliance Boots agreed to acquire a 50 percent interest in Guangzhou Pharmaceuticals Corporation for £38 million, making it a 50:50 joint venture with Guangzhou Pharmaceutical Co., Ltd.[3]