Health

Vietnam, US join hands to build pharmaceutical factory

The Danapha-Nanosoma Pharmaceutical Joint Stock Company (Danosoma) on August 23 kicked off construction of a pharmaceutical factory with technology and equipment provided by US partner Affordable Quality Pharmaceuticals (AQP).
The Danapha-Nanosoma PharmaceuticalJoint Stock Company (Danosoma) on August 23 kicked off construction ofa pharmaceutical factory with technology and equipment provided by USpartner Affordable Quality Pharmaceuticals (AQP).

Once completed in the third quarter of 2010, the 3.2 million USDfactory will turn out high-quality pharmaceutical products for cancer,diabetes, hypertension, and heart disease treatment.

The factory is part of an investment and technological transfercooperation agreement signed between Danapha and AQP. Danapha is theparent company of the joint venture, holding 51 percent of its stake,while the US partner possesses 24 percent and the VietnamPharmaceutical Corp (Vinapharm) owns 25 percent./.
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