Chinese link-up for first aid developer

SALLYNOGGIN-based first aid product developer Alltracel Pharmaceuticals has signed a major deal with the Yunnan Baiyao Group, China’s largest consumer wound care company.

Alltracel, which is quoted on London’s Alternative Investment Market (AIM), will co-operate with the Chinese firm to sell its anti-bleeding products in China and other markets.

Yunnan Baiyao is one of the biggest Chinese medicine companies and is listed on Shenzhen’s stock exchange with a market capitalisation of about €500m.