Thebe buys 30% stake in Quintiles.(Quintiles Transnational Corp.)(Thebe HealthCare)(Brief article)

Pharma Marketletter | May 21, 2007 | Copyright

US firm Quintiles Transnational has entered into a partnership in South Africa with Thebe HealthCare, one of South Africa's leading black economic empowerment companies. As part of the deal, Thebe has purchased a 30% share of Quintiles' South African commercial division, Innovex.

Quintiles chief executive Gillian Corken said: "we have formed an alliance with the oldest and largest majority-black-owned pharma company, which has a proven track record of success in South Africa and a health care division with a synergistic fit with Quintiles and Innovex. Innovex, under ...

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