Navigation Links
Thorne Research and YouCare Pharmaceutical Group Announce Joint Venture Deal to Market Nutritional Supplements in China
Date:4/30/2013

SANDPOINT, Idaho, April 30, 2013 /PRNewswire/ -- Thorne Research, Inc., a leader in developing and manufacturing pure, high-quality nutritional supplements and personal care products, today announced that the company has entered a joint venture with YouCare Pharmaceutical Group Co. Ltd., a leading Chinese pharmaceutical company located in  Beijing.  Through this new joint venture, nutritional supplements and other natural health and personal care products manufactured by Thorne Research will be marketed and distributed throughout mainland China through YouCare's established sales and distribution networks.

"This strategic joint venture will allow Thorne to rapidly accelerate our global reach in one of the world's largest and fastest growing markets for nutritional supplements.  By combining the state-of-the-art research, development and manufacturing capabilities of Thorne Research with the extensive marketing resources and expertise of YouCare Pharmaceuticals, we are well positioned to become a leading lifestyle medicine company delivering high-quality, clinically proven nutraceutical products to markets throughout China in the years ahead," said Paul Jacobson , CEO of Thorne Research. 

In 2012, the market for nutraceuticals including traditional medicines in China was $90 billion USD, with an annual growth rate of 22%. It is expected that the market will be $140 billion USD within five years, which would make China the largest market for nutraceutical products in the world.  Through this strategic collaboration, Thorne will be able to access the Chinese market through YouCare's multiple sales and distribution channels. Under the joint venture agreement, Thorne will be responsible for manufacturing products in the United States and supporting marketing activities. Thorne's manufacturing platform has been designed to conform to the rigorous chemical manufacturing controls (CMC) of botanical drug specifications instituted by the US Food and Drug Administration (FDA) and is FDA 231CFR211 compliant. YouCare will provide expertise in all areas of product registration, marketing, commercialization and distribution. 

"YouCare Pharma has extensive experience in healthcare marketing and commercialization in China," said Weishi Yu , Executive Chairman of YouCare Pharma "We are ideally positioned to tap into the large and rapidly expanding demand for nutraceuticals in China. Factors including economic growth and an aging population are likely to increase demand for high quality nutritional supplements and lifestyle management products in China in the years ahead. As a leader in producing and marketing lifestyle solutions, Thorne is the ideal partner for YouCare to meet this demand and grow our business in this field.  Thorne's strict attention to quality in manufacturing and full Therapeutic Goods Administration (TGA) certification will be important advantages for us in this effort."

About Thorne Research, Inc.

Since 1984, Thorne Research has set the standard for exceptional quality manufacturing and formulation of premium hypoallergenic dietary supplements available through licensed health-care practitioners. With more than 400 products, Thorne Research is recognized by health-care practitioners as a leader in providing dietary supplements of the highest quality and purity. Through recent acquisitions and joint ventures, Thorne Research now also offers product lines that address the nutritional issues and requirements of those with cancer, cognitive and brain health, and cardiovascular health, in addition to a product line for high performance athletes, a comprehensive product line of organic, non-GMO skin-care products, and related supportive practice management programs. With locations in Sandpoint, ID and New York, NY, Thorne Research operates a state-of-the-art manufacturing facility and employs more than 250 people. Further information on Thorne Research is available at www.Thorne.com.

About YouCare Pharmaceutical Group Co., Ltd

YouCare Pharmaceutical Group was first founded in 1988 and registered in Beijing in 2001.The company currently has 16 subsidiary companies in China and one outside of China that are collectively engaged in R&D and product development including API, western medicine, TCMs, general health products, medical devices and contraceptives.   YouCare's business covers all phases of product development and distribution including R&D, production, inbound and outbound logistics, import/export and direct sales.

YouCare actively opens markets in pharmaceutical imports and exports and works to build cooperative ties with international pharmaceutical companies. The company has established relationships with many leading global companies in healthcare and has imported original research drug preparations and original API from Italy, France, Germany, Japan, Korea, India, Croatia and other regions.


'/>"/>
SOURCE Thorne Research, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. The race toward an interferon free world: The current field of Hepatitis C Virus treatment research, including recent financial deals
2. Ludlow Research Issues Opinion on PMBS Based on Low Market Cap Valuation
3. Musculoskeletal Network covers the Osteoarthritis Research Society International Conference
4. Nephrology & Urology Devices Market is Expected to Reach USD 20.5 Billion Globally in 2018: Transparency Market Research
5. Express Scripts Research Shows Prescription Drug Utilization Declines for Payers of Workers Compensation
6. Elekta and Philips Research Consortium on MRI-Guided Radiation Therapy Adds The Netherlands Cancer Institute-Antoni van Leeuwenhoek Hospital
7. X-Ray Market (Portable, Handheld, Digital Radiography, Computed Radiography, Flat Panel Detection Systems, Mammography) is Expected to Reach USD 9.8 Billion Globally in 2018: Transparency Market Research
8. Serina Therapeutics Announces Worldwide Exclusive License Agreement with The Scripps Research Institute for Click Chemistry
9. Mast Therapeutics Presents MST-188 Data at 7Th Annual Sickle Cell Disease Research and Educational Symposium
10. Global Medical Robotic Systems Market is Expected to Reach USD 13.64 Billion by 2018: Transparency Market Research
11. Breast Pumps Market Is Expected to Reach USD 1.03 Billion Globally in 2018: Transparency Market Research
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/27/2017)... , March 27, 2017 Cota ... for value-based precision medicine, today announced the ... Novartis Pharmaceuticals Corporation to help improve clinical ... As part of this agreement, ... collaboration entered into January 2016, teams from ...
(Date:3/24/2017)... 2017 Research and Markets has announced ... report to their offering. ... The Cell Therapy Manufacturing Market, 2017-2027 ... of cell therapy manufacturing and focuses both on contract manufacturers ... are anticipated to emerge as viable alternatives to conventional treatment ...
(Date:3/24/2017)... Research and Markets has announced the addition of the "Global Wound ... report to their offering. ... The global wound care market was worth $24,482.9 million in 2015 and ... Among the various wound care products type, the advanced wound ... 2015. Among the various applications, surgical wound segment held the largest share ...
Breaking Medicine Technology:
(Date:3/27/2017)... ... March 27, 2017 , ... Osteitis pubis may ... of groin injury, it occurs when the muscles around the pelvis become inflamed. ... around the lower torso, as well as accompanying tenderness and weakness. Without proper ...
(Date:3/27/2017)... Georgia (PRWEB) , ... March 27, 2017 , ... ... to announce that for a second year in a row; they are the ... healthcare designers in the industry voted on the award at Design Connections 2017. ...
(Date:3/27/2017)... ... ... The Anaheim Hills office accelerates and supports FNCC’s growth and further strengthens ... professionals over the past 6 months and is continuing to recruit new talent with ... of 2017. , “This new office is a direct result of our strong ...
(Date:3/27/2017)... ... March 27, 2017 , ... Golden Triangle Emergency Center will ... April 3rd to commemorate the two-year anniversary of the facility. The event will ... two great years while also familiarizing themselves with the facility. , In the ...
(Date:3/26/2017)... (PRWEB) , ... March 26, 2017 , ... ... worldwide to receive the RealSelf 100 Award, a prestigious award honoring the top ... procedures and to find and connect with doctors and clinics. , In 2016, ...
Breaking Medicine News(10 mins):