Traditional Chinese medicine
Category: Health Care
Categories
Beijing probes drugmakers
China’s National Development and Reform Commission (NDRC) has launched a probe into drug pricing at 60 domestic and international pharmaceutical companies, as the country expands its healthcare coverage, Financial Times reported. The state-backed Chinese newspaper Securities Daily said the investigation centers on the difference in prices between imported pharmaceuticals in China and other global markets. The investigation […]
UK drug company GlaxoSmithKline (Glaxo; GSX.NYSE, GSX.LON) will look into an anonymous tip that its sales staff in China bribed doctors to prescribe their drugs, for unauthorized use in some cases, between 2004 and 2010, The Wall Street Journal reported. The pharmaceutical company has been embroiled in other regulatory mishaps with recent multi-billion dollar settlements […]
Categories
Drug resistant H7N9 confirmed
Researchers in Shanghai have discovered that the H7N9 virus in some patients is showing signs of resistance to treatment methods, Agence France-Press reported. These are the first documented bird flu cases that have shown resistance to common treatment methods. Out of 14 patients being monitored at a Shanghai clinic, three had a form of the […]
Hong Kong-based Winteam Pharmaceutical Group (0570.HKG) will buy the mainland’s Tongjitang Chinese Medicine for US$393 million, Bloomberg reported, citing stock exchange documents filed on Friday. Winteam, which makes drugs on the mainland, will change its name to China Traditional Chinese Medicine to reflect the new scope of its operations, pending shareholder approval. To help pay […]