Buchang Pharmaceutical is a leading TCM manufacturer in China. China’s Ministry of Industry and Information Technology ranked Buchang the third largest pharmaceutical company in China by profit in 2012, and the largest TCM company by the same measure. The company is principally engaged in R&D, production and sales of traditional Chinese medicines (“TCM”) in China with a focus on the prescription cardiovascular diseases therapeutic area. In this regard, Buchang Pharma has signed a Memorandum of Understanding with ChemoPower to enhance their capabilities in their R&D for TCM. We are delighted to have Buchang Pharma as one of our key partners.
