Not quite sure what to make of this one just yet. Despite all the hype, China is NOT a huge market yet. In fact it is a quite small market in the world of pharma right now. Having said that, it has very strong growth rates, which if continue, will make it a solid #3 or 4 market in the world in 10 years. The net profit interest is really hard to put a value around. If this is a typical research JV,
...more