ELDER PHARMA TO SET UP 50:50 JOINT VENTURE IN GHANA

Elder Pharmaceuticals, a Rs 375-core Mumbai based pharma major, is setting up a joint venture in Ghana for manufacturing pharmaceutical formulations for marketing in Ghana and nearby countries. The company and the local Ghana partner will have equal stake of 50 per cent each. The company is finalizing other formalities and the joint venture agreement will be executed in due course of time. Pharmabiz (http://pharmabiz.com/article/detnews.asp?articleid=35210§ionid=)