Pfizer (PFE) is exploring partnerships with more Chinese drug companies as it tries to expand...

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

Pfizer (PFE) is exploring partnerships with more Chinese drug companies as it tries to expand its marketshare in generic drugs, and reported progress over the weekend in a planned JV with China's Zhejiang Hisun Pharmaceutical. Big Pharma is increasingly turning to China to cut costs and to compensate for sales lost in Western markets as top-selling drugs go off patent.