Starpharma Holdings Ltd has signed an exclusive contract to supply condoms to the Chinese Government.
The exclusive license and supply agreement was made with Shenyang Sky and Land Latex Co. Ltd. for the manufacture and sale of VivaGel® condoms to the government segment of the Chinese condom market.
Sky and Land is a diversified Chinese company that owns and operates a number of condom manufacturing plants in China.
They are a major provider of condoms to the Chinese Government who supplies 3 billion condoms a year condoms to its citizens under a number of programs.
The Chinese condom market will grow by nearly 60% in the next five years according to Bloomberg analysis.