JAKARTA -- Top Indonesian drugmaker Kalbe Farma has announced the establishment of a joint venture in the Philippines as the company expands across Southeast Asia after taking a hit from the coronavirus pandemic.
Kalbe, through subsidiary Kalbe International, will control 60% of Kalbe Ecossential International, while Philippine consumer goods distributor Ecossential Foods will hold the remaining 40%, Kalbe said Thursday, a day after announcing the deal in Manila.
