Founded 1994. Operates mainly in China, but acquired Australian vitamin business Vitaco in 2016.
|Shanghai Pharmaceuticals Holding Co., Ltd||CHN||website|
|Shanghai Pharmaceuticals Holding Co., Ltd|
In 2016 China's anti-monopoly regulator fined five domestic drug firms, including a subsidiary of this company, a total of close to 4 million yuan ($607,977) for fixing the prices of their medicines. Between April 2014 to September 2015 the companies raised the price of allopurinol tablets, a drug used to treat gout and kidney disease, the National Development and Reform Commission (NDRC) said in statements on its website.
Source: news article (2016)
This company's ownership structure is complex, but it is at least 24.8% owned by Shanghai SASAC, which is owned by the Govt of China, which has received criticisms, particularly over human rights.
Source: company website (2018)
This company received an S&P Global ESG Score of 20/100 in the Health Care Providers & Services category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
|Revenue||28.35 billion USD (2019)|
|Subsidiaries||Vitaco Holdings Ltd (60% owned)
- Musashi Pty Ltd
Products / BrandsVitaco (60% owned)
Abundant Earth certified organic
Abundant Earth Health Foods
Aussie Bodies Sports Nutrition
Balance Sports Nutrition
Bodytrim Weight Loss
Healtheries Health Bars
Healtheries Health Foods
Musashi Sports Nutrition
Musashi Weight Loss
Musashi Energy Energy Drinks