DaVita, 3SBio Partner to Provide Kidney Care in NE China
March 08 2012 - 4:10PM
Business Wire
DaVita Inc. (NYSE: DVA), a leading provider of kidney care
services for those diagnosed with chronic kidney disease (CKD)
today announced it has entered into an agreement with 3SBio Inc., a
leading Chinese biotechnology developer of biopharmaceutical
products, to establish a joint venture for providing dialysis
treatments in northeastern China.
“This relationship marks an important chapter in DaVita’s
long-term international plans,” said DaVita Chairman and CEO Kent
Thiry. “Patients will benefit from the strategic alliance of
combining 3SBio’s research and DaVita’s focus on delivering
outstanding clinical outcomes.”
“China is an important market for DaVita, and our partnership
with 3SBio will be a key element for successfully treating patients
in this region of the country,” said Dennis Kogod, DaVita chief
operating officer.
3SBio’s research activity is focused on addressing significant
unmet medical needs in nephrology, oncology, supportive cancer
care, and infectious diseases. The company also develops,
manufactures and markets biopharmaceutical products. In addition to
establishing their joint venture, DaVita and 3SBio have agreed to
enter into a supply agreement for anemia management drugs
throughout China.
“We look forward to the opportunity of serving patients and
contributing to quality care in China,” said Atul Mathur, DaVita
president for the Asia-Pacific region.
As a leading provider of kidney care services in the United
States, DaVita has achieved clinical outcomes that have improved
year-over-year for more than a decade, and it will share that
expertise through its active engagement in managing the
clinics.
“Our collaboration with DaVita will accelerate our initiatives
to provide dialysis services where they are most needed, and
contribute to a better quality of life for many of China’s
undertreated ESRD patients,” said Dr. Jing Lou, CEO of 3SBio.
DaVita® is a registered trademark of DaVita Inc.All other
trademarks are the property of their respective owners.
About DaVita
DaVita Inc., a Fortune 500® company, is a leading provider of
kidney care in the United States, delivering dialysis services to
patients with chronic kidney failure and end stage renal disease.
DaVita strives to improve patients’ quality of life by innovating
clinical care, and by offering integrated treatment plans,
personalized care teams and convenient health-management services.
As of Dec. 31, 2011, DaVita operated or provided administrative
services at 1,809 dialysis facilities in the United States, serving
approximately 142,000 patients. The company also operated 11
outpatient dialysis centers located in three countries outside the
United States. DaVita supports numerous programs dedicated to
creating positive, sustainable change in communities around the
world. The company’s leadership development initiatives and social
responsibility efforts have been recognized by Fortune, Modern
Healthcare, Newsweek and WorldBlu. For more information, please
visit www.davita.com.
About 3SBIO
3SBio is a leading, fully integrated, profitable biotechnology
company focused on researching, developing, manufacturing and
marketing biopharmaceutical products primarily in China. Its focus
is on addressing large markets with significant unmet medical needs
in nephrology, oncology, supportive cancer care, inflammation and
infectious diseases. With headquarters and GMP-certified
manufacturing facilities in Shenyang, PRC, 3SBio employs over 800
people. Shares trade in the form of American Depositary Shares
(ADSs) on the NASDAQ stock market under the ticker symbol “SSRX”.
Please see www.3SBio.com for more information.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the federal securities laws, including statements
related to prospective growth, development and strategy for certain
of our international operations and expected patient outcomes.
Factors which could impact future results include the risks and
uncertainties associated with expansion of our operations and
services to markets outside the United States, local laws and
regulations, general economic and other market conditions,
competition, and the risk factors set forth in our SEC filings,
including our Annual Report on Form 10-K for the year ended
December 31, 2011. The forward-looking statements should be
considered in light of these risks and uncertainties. We base our
forward-looking statements on information currently available to us
at the time of this release, and we undertake no obligation to
update or revise any forward-looking statements, whether as a
result of changes in underlying factors, new information, future
events or otherwise.
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