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Samil, Allergan to establish new JV company

Published: 2009-07-10 06:56:00
Updated: 2009-07-10 06:56:00
Samil Pharm announced on June 7 that it signed an agreement with the U.S.-based Allergan Pharmaceuticals to establish “Samil-Allergan Limited Company”, to expand the eye care business in Korea.

Under the agreement, Allergan will hold a 50 percent equity in the joint venture company by buying the stocks of Samil’s affiliated company valued at 21.2 billion won.

Samil Chairman Huh-gang will ...

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