More than 8 months after it signed a memorandum of understanding regarding the deal, Pfizer...

|About: Pfizer Inc. (PFE)|By:, SA News Editor

More than 8 months after it signed a memorandum of understanding regarding the deal, Pfizer (PFE) says it has signed a "framework agreement" with China's Hisun Pharmaceutical to create a JV that would produce generic drugs for China and other markets. Hisun will own 51% of the JV, and Pfizer 49%.