Is Merck China Medical a joint venture?

In 2022, Merck celebrated its 354th anniversary. Since 1668, the curiosity and strong sense of responsibility for science have left a deep imprint on the hearts of every employee in our company. Merck is a leading technology company in the world, focusing on three major areas: medical health, life sciences and electronic technology.

Merck entered into a technology transfer license agreement with the government of China in 1989, and transferred the most advanced technology for producing genetically engineered hepatitis B vaccine to China at that time. Since 1994, more than 200 million children in China have been effectively protected.

Merck (China) Co., Ltd. was formally established in Merck kgaa on 1992.

From 65438 to 0994, Merck and Hangzhou Huadong Pharmaceutical Group established a joint venture company-Hangzhou Merck Pharmaceutical Co., Ltd. The joint venture factory was built in Moganshan Road, Hangzhou, covering an area of over/kloc-0.2 million square meters. Welcome to Hangzhou Merck factory.

According to the above materials, we can know that Merck China Medical is a joint venture. Of course, there are also wholly owned enterprises.