Market Chatter: Bristol Myers Squibb Exits China JV

MT Newswires Live

Sep 17, 2025

Bristol Myers Squibb has sold its 60% stake in the Sino-American Shanghai Squibb Pharmaceuticals joint venture to an undisclosed buyer, Reuters reported Wednesday.

"As part of our long-term strategy, we continue to align our resources to support evolving business needs across our global network," Reuters quoted a spokesperson for the US drug company as saying.

The joint venture was formed with Shanghai Pharmaceuticals Holding (HKG:2607, SHA:601607) and Sinopharm (HKG:1099) in 1982, the first China-US pharmaceutical joint venture.

The JV has produced drugs such as metformin for diabetes and paracetamol, according to Reuters.

The exit will help align global resources and regional market strategy, Yicai Global reported separately, citing an insider.

Affected employees will be given support, according to Reuters, citing a company spokesperson.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0187","symbol_name":"一线龙头","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2568374457","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2568374457","pubTimestamp":1758089117,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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