Pharmaceuticals in China

Total Page:16

File Type:pdf, Size:1020Kb

Pharmaceuticals in China INDUSTRY MARKET RESEARCH FOR BUSINESS LEADERS, STRATEGISTS, DECISION MAKERS CLICK TO VIEW Table of Contents 2 List of Tables & Charts 3 Study Overview 4 Sample Text, Table & Chart 5 Sample Profile, Table & Forecast 6 Order Form 7 About Freedonia, Custom Research, Related Studies, Corporate Use License 8 Pharmaceuticals in China China Industry Study with Forecasts to 2010 & 2015 Study #2024 | February 2006 | $4800 | 240 pages The Freedonia Group 767 Beta Drive www.freedoniagroup.com Cleveland, OH • 44143-2326 • USA Toll Free US Tel: 800.927.5900 or +1 440.684.9600 Fax: +1 440.646.0484 E-mail: [email protected] Study #2024 February 2006 Pharmaceuticals in China $4800 240 Pages China Industry Study with Forecasts to 2010 & 2015 Table of Contents INTRODUCTION Shipments .......................................62 Corticosteroids ............................ 115 Types of Medicines ............................63 Estrogens & Combinations ............. 115 Astragalus ....................................64 Other Hormones ........................... 116 EXECUTIVE SUMMARY Atractylodes ..................................66 Shipments ..................................... 117 Bupleurum ....................................67 Biologicals & Vaccines ........................ 119 MARKET ENVIRONMENT China Root ....................................67 Demand ......................................... 120 General ..............................................4 Cinnamon .....................................68 Vaccines ..................................... 120 Economic Factors ...................................5 Coptis ..........................................68 Blood & Blood Derivatives ............. 121 Demographic Patterns .............................7 Ephedra ........................................69 Shipments ..................................... 122 Regulated Birth Planning .....................8 Ginger ..........................................70 Nutritional Agents .............................. 123 Mortality Trends ..................................9 Ginseng ........................................70 Demand ......................................... 124 Migration .........................................10 Hoelen .........................................71 Vitamins ..................................... 125 Medical Conditions ...............................10 Licorice ........................................71 Nutrients & Tonics ........................ 126 Acute Conditions ..............................11 Peony ..........................................72 Parenteral Nutritionals .................. 126 Chronic Conditions ............................14 Rehmannia ...................................72 Other Nutritional Agents ............... 127 Health Insurance Coverage ....................16 Rhubarb .......................................72 Shipments ..................................... 127 Basic Medical Insurance .....................17 Salvia...........................................73 Central Nervous System Agents ............. 128 Cooperative Health Insurance .............18 Tang-kuei .....................................74 Demand ......................................... 128 Other Public Health Insurance .............19 Other Traditional Chinese Medicines ..74 Pain Control Agents ...................... 130 Private Health Insurance ....................19 Herbal Combinations ......................76 Psychotherapeutic Agents ............. 130 National Health Expenditures .................20 Other Agents ............................... 131 Medical Providers .................................23 THERAPEUTIC CLAsses Shipments ..................................... 131 Hospitals .........................................24 Respiratory Agents ............................. 133 General ..............................................78 Demand ......................................... 133 Clinics .............................................27 Shipments ..........................................80 Physicians........................................28 Cough/Cold Preparations ............... 134 Anti-Infective Agents ...........................81 Antihistamines ............................ 135 Patient Activity ...................................30 Demand ...........................................82 Hospital Care....................................32 Bronchodilators ........................... 136 Cephalosporins ..............................83 Other Respiratory Agents ............... 137 Surgical Procedures ...........................34 Penicillins .....................................84 Outpatient Visits ...............................34 Shipments ..................................... 137 Other Antibiotics ...........................86 Other Therapeutic Groups .................... 139 Antiviral Agents .............................87 Dermatological Agents ..................... 140 PHARMACEUTICAL OVERVIEW Antifungal Agents ..........................89 Genito-Urinary Agents ..................... 141 General ............................................37 Other Anti-Infective Agents .............90 All Other Therapies .......................... 142 Shipments ..........................................39 Shipments .......................................92 Shipments ..................................... 143 Regulatory Considerations .....................41 Gastrointestinal Agents .........................93 Demand ...........................................94 Product Classification Systems ................41 MARKETS New Product Approval Processes .............42 Antacids & Acid Reducers ................95 Manufacturing Standards .......................43 Proton Pump Inhibitors ..................97 General ............................................ 145 Intellectual Property Rights ...................44 Laxatives ......................................97 Hospitals .......................................... 147 Channels of Distribution ........................44 Antidiarrheal Agents .......................98 Consumer Market ................................ 149 Price Controls ......................................45 Other Gastrointestinal Agents ..........99 Physicians ......................................... 150 Import Requirements ............................46 Shipments ..................................... 100 Clinics & Other Markets ....................... 151 Chinese Trade in Pharmaceuticals ...........47 Cardiovascular Agents ......................... 101 Western Pharmaceuticals .......................48 Demand ......................................... 102 INDUSTRY STRUCTURE Shipments .......................................49 Cardiac Drugs .............................. 103 Antilipemic Agents ....................... 104 General .......................................... 153 Ethical Drugs ....................................50 Market Share ..................................... 154 Generic Drugs ................................52 Antihypertensive Agents ............... 105 Other Cardiovascular Agents .......... 106 Competitive Strategies ........................ 157 Proprietary Drugs ...........................54 Investment ....................................... 163 Shipments ....................................54 Shipments ..................................... 107 Hormones & Related Agents ................. 109 Mergers & Acquisitions ........................ 164 Over-the-Counter (OTC) Drugs .............56 Licensing & Related Agreements ........... 166 Demand Patterns ............................57 Demand ......................................... 109 Antineoplastic Agents ................... 110 Marketing & Distribution ..................... 171 Shipments ....................................59 Manufacturing ................................... 171 Traditional Chinese Medicines ................60 Antidiabetic Agents ...................... 112 Demand Patterns ...............................61 Oral Antidiabetic Agents ............... 113 Click here to purchase online Page 2 Order now, click here! Study #2024 February 2006 Pharmaceuticals in China $4800 240 Pages China Industry Study with Forecasts to 2010 & 2015 Company Profiles List of Tables/Charts AstraZeneca ...................................... 173 EXECUTIVE SUMMARY 2 Pharmaceutical Shipments Bayer AG .......................................... 175 1 Summary Table ................................3 by Therapeutic Group ...................80 Beijing Double-Crane Pharmaceutical .... 177 Cht Pharmaceutical Shipments Beijing Tongrentang ........................... 179 by Therapeutic Class, 2005 ...........81 Bristol-Myers Squibb ........................... 181 MARKET ENVIRONMENT 3 Anti-Infective Agent Demand ...........83 China National Medicines .................... 183 1 Macroeconomic Indicators .................5 4 Anti-Infective Agent Shipments .......93 Chongqing Taiji Industry Group ............ 184 2 Resident Population by Age Group ......8 5 Gastrointestinal Agent Demand ........95 Chongqing Tong Jun Ge ....................... 185 3 Acute Conditions by Type ................11 6 Gastrointestinal Agent Shipments ... 101 GlaxoSmithKline plc ........................... 186 4 Selected Chronic Conditions by Type .15 7 Cardiovascular Agent Demand ........ 102 Guangzhou Pharmaceutical .................. 189 5 Health Insurance Coverage ..............17 8 Cardiovascular Agent Shipments ..... 108 Harbin Pharmaceutical Group ............... 190 6 National Health Expenditures 9 Hormone/Related Agent Demand
Recommended publications
  • 2018 Unaudited Semiannual Report
    BOCOM INTERNATIONAL CHINA DYNAMIC FUND (A sub-fund of BOCOM International Fund) SEMI-ANNUAL REPORT (UNAUDITED) FOR THE SIX MONTHS ENDED 30 JUNE 2018 SEMI-ANNUAL REPORT (UNAUDITED) FOR THE SIX MONTHS ENDED 30 JUNE 2018 BOCOM INTERNATIONAL CHINA DYNAMIC FUND (A sub-fund of BOCOM International Fund) Contents Pages Management and Administration 1 Report of the Manager to the Unitholders 2 Statement of Financial Position (Unaudited) 3 Investment Portfolio (Unaudited) 4 – 5 Statement of Movements in Investment Portfolio (Unaudited) 6 – 9 SEMI-ANNUAL REPORT (UNAUDITED) FOR THE SIX MONTHS ENDED 30 JUNE 2018 BOCOM INTERNATIONAL CHINA DYNAMIC FUND (A sub-fund of BOCOM International Fund) MANAGEMENT AND ADMINISTRATION Manager Directors of the Manager BOCOM International Asset Management Limited TAN Yueheng 9/F, Man Yee Building LI Ying 68 Des Voeux Road Central CHENG Chuange Central Hong Kong Trustee and Registrar Bank of Communications Trustee Limited 1/F, Far East Consortium Building 121 Des Voeux Road Central Central Hong Kong PRC Custodian HSBC Bank (China) Company Limited 33/F, HSBC Building, Shanghai ifc 8 Century Avenue, Pudong Shanghai Legal Counsel to the Manager Deacons 5/F, Alexandra House 18 Chater Road Central Hong Kong Auditor PricewaterhouseCoopers 21/F, Edinburgh Tower 15 Queen’s Road Central Hong Kong - 1 - SEMI-ANNUAL REPORT (UNAUDITED) FOR THE SIX MONTHS ENDED 30 JUNE 2018 BOCOM INTERNATIONAL CHINA DYNAMIC FUND (A sub-fund of BOCOM International Fund) REPORT OF THE MANAGER TO THE UNITHOLDERS The A-share market under-performance in 1H2018 can be attributed to two main factors: 1) the United States entered an interest rate hike cycle, which caused wide concern about the emerging market’s debt problems.
    [Show full text]
  • China Pharmaceutical Newsletter
    Volume VII 2011 CHINA PHARMACEUTICAL ڵNEWSLETTER З֡Ԛ哦֡ଢ଼рࡗЗ แྼჯ)ཀৄDž዆ᄱᆶ၌ࠅິ SFDA Commissioner Shao Mingli SFDA Deputy Commissioner Wu Zhen of NPC Standing Committee attended the met with new Cuban Ambassador to meets the Head of Iran's Innovation and meeting. Chen Zhu, the Health Minister China On September 29, 2011, Shao Technology Cooperation Center On the & Chairman of the Forum attended the Mingli, Commissioner of SFDA met morning of September 6, 2011, Wu Zhen, forum and delivered a speech. with Mr. ALberto Jesus Blanco Silva, the SFDA Deputy Commissioner, met with the Chen Zhu said in his speech, through new Cuban Ambassador Extraordinary visiting Mr. Hamidreza Amirinia, Head of 30 years of reform and opening up, and Plenipotentiary to China, and his Innovation and Technology Cooperation China's GDP has maintained a 10% entourage in Beijing. The two sides Center of Iran. Both parties exchanged growth in 30 consecutive years, and held in-depth discussions on further views on enhancing mutual exchanges and created an economic miracle. In 2010, strengthening the bilateral cooperation in understanding, and promoting cooperation China's GDP had ranked second in the WKH¿HOGVRIELRORJLFDl products and drug LQWKH¿HOGRIWUDGLWLRQDO&KLQHVHPHGLFLQH world. In the 21st century, the Chinese safety supervision. (September 30, 2011) and biopharmaceuticals. (September 8, 2011) Government pays more attention to social SFDA Deputy Commissioner Wu development, taking the alleviation of SFDA Deputy Commissioner Bian Zhen meets the delegation of MHLW On poverty and improvement of health care, Zhenjia attends the APEC LSIF Drug the morning of August 23, 2011, Wu Zhen, education, housing, and employment, etc.
    [Show full text]
  • Company Report: Sinopharm
    Company Report: Sinopharm Group Co. Ltd. (01099 HK) Kay Mai 麦梓琪 公司报告:国药控股 (01099 HK) +86 755 23976685 [email protected] 国泰君安研究 2 March 2017 PRC's Largest Pharmaceutical Distributor, “Accumulate” 中国最大的医药分销商,“收集” GTJA ResearchGTJA Sinopharm is the largest pharmaceutical distributor and retailer in the Rating: Accumulate PRC, with sustainable above-industry growth. It took about 16.0% of market share in the pharmaceutical distribution industry and approximately 2.7% of market share in retail pharmacy business in 2015, according to the Ministry of 评级: 收集 Commerce in the People's Republic of China ("MOFCOM"). Sinopharm will benefit from further industry consolidation and will 6-18m TP 目标价: HK$39.89 solidify its leading position in for the foreseeable future. We believe recent polices such as the two-invoice system, unannounced Inspections, and stricter 股价: HK$36.550 Share price GSP will drive out small- and medium-sized distributors, which is likely to boost the market share and maintain the above-average growth of the Company. Revenue is estimated to grow by 12.9%, 12.8% and 12.8% YoY to Stock performance 股价表现 RMB256,337 million, RMB289,268 million and RMB326,410 million in respectively, as a result of 1) stable growth of the 50.0 % of return period FY2016-FY2018, 45.0 pharmaceutical distribution segment deriving from the combinational effect of 40.0 market share gaining growth from direct sales as well as the loss in indirect 35.0 30.0 sales triggered by industry consolidation, 2) fast expansion of the retail 25.0 business and its integration impact, and 3) a promising outlook for innovative 20.0 15.0 businesses such as financial leasing.
    [Show full text]
  • Sinopharm Group: 2H14 NDR Takeaways: Margin Expansion To
    Sinopharm Group | March 25, 2015 MORGAN STANLEY RESEARCH March 25, 2015 MORGAN STANLEY ASIA LIMITED+ Yolanda Hu Sinopharm Group [email protected] +852 2848-5649 Bin Li 2H14 NDR Takeaways: Margin Expansion [email protected] +852 2239-7596 Isabella Zhao to Continue [email protected] +852 2848-5887 Industry View Stock Rating Price Target Attractive Overweight HK$34.00 Sinopharm Group ( 1099.HK , 1099 HK ) China Healthcare / China Stock Rating Overweight Sinopharm’s solid sales growth and operating leverage are likely to Industry View Attractive continue in 2015, despite the uncertain policy outlook for the Price target HK$34.00 Up/downside to price target (%) 15 Healthcare industry. We find the stock attractive at 18x our revised Shr price, close (Mar 24, 2015) HK$29.50 2015e EPS. Reiterate OW. 52-Week Range HK$34.50-19.72 Sh out, dil, curr (mn) 2,568 Healthy 2015 sales outlook: Given decelerating GDP growth expected in Mkt cap, curr (mn) Rmb60,695 EV, curr (mn) Rmb78,243 2015, mgmt looks for growth of the end-user market to slow to 12%, and for Avg daily trading value (mn) HK$133 the distribution industry to grow 14-15%. Management remains confident about achieving its sales target of 3-5% above the market average. Fiscal Year Ending 12/14 12/15e 12/16e 12/17e ModelWare EPS (Rmb) 1.11 1.32 1.51 1.70 Margin improvement to continue in 2015, ... This is the first quarter that Prior ModelWare EPS 1.10 1.29 1.44 1.58 (Rmb) Sinopharm has recorded faster profit growth than sales growth, mainly due to: Consensus EPS (Rmb)§ 1.10 1.30 1.55 1.50 1) internal integration; 2) economies of scale; 3) optimizing customer mix Revenue, net (Rmb 200,131 235,469 272,701 313,245 (more direct sales to hospitals), and 4) more focus on the quality of growth.
    [Show full text]
  • Working Papers the Rising Chinese Pharmaceutical
    Working papers The rising Chinese pharmaceutical industry: local champions vs global players Francesca Spigarelli Hao Wei ABSTRACT This paper is an exploratory study on main features and challenges of the Chinese pharmaceutical market. Dramatic changes in the market are due both to the Government policies, changing consumer habits and behaviour, and to the growing competition at firm level. From a demand side perspective, consumptions of pharmaceutical products are booming thanks to a combined effect of economic growth, aging population, urbanization and health system reforms. Key forces shaping the demand are examined in the chapter, with a specific attention to health care reforms as well as to new habits and confidence of Chinese people towards the Western medicine. In this regard, import and export trends, consumption, and expected evolution of the market are examined. From a supply side perspective, two main trends can be highlighted: the increasing interest of foreign investors, and the effort of Chinese pharmaceutical firms to compete in the national market. To better understand the ongoing changes we look at market characteristics, key players, as well as trends and motivation of inward FDI to China are examined. On the basis of this general picture, the paper focuses on IP related aspects, to understand who are the main actors of patenting trends (foreign vs local firms) and for which kind of products patents are registered (raw materials vs basic products vs drugs). Analyzing patent trends and the role of Chinese vs Western firms, we try to define how China is taking its role and position into the national and – potentially ‐ international pharmaceutical market.
    [Show full text]
  • Download Table of Contents [PDF 1
    Advances in Biopharmaceutical Technology in China, Second Edition October 2018 Editors: Vicky (Qing) Xia, Leo (Yang) Cai BioPlan Associates, Inc. Rockville, MD Society for Industrial Microbiology and Biotechnology Fairfax, VA BioPlan Associates, Inc. 2275 Research Blvd., Ste. 500 Rockville MD 20850 USA 301-921-9074 www.bioplanassociates.com and Society for Industrial Microbiology and Biotechnology 3929 Old Lee Highway Suite 92A Fairfax, VA 22030-2421 703-691-3357 www.simbhq.org Copyright © 2018 BioPlan Associates, Inc. All rights reserved, including the right of reproduction in whole or in part in any form. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the written permission of the publisher. For information on special discounts or permissions contact BioPlan Associates, Inc. at 301- 921-5979, or [email protected] Editors: Vicky (Qing) Xia, Leo (Yang) Cai Project Director: Donnie E. Gillespie U.S. Editor: Terrell R. Otis Cover Design: LI Huijun Text Design: Esperance Shatarah, ES Design ISBN 978-1-934106-34-1 Front Cover Photo Courtesy of WuXi, by permission ii Acknowledgment This project would not have been possible without the exceptional efforts of the many people involved. In particular, we would like to thank our reviewers, whose expertise ensured this volume addressed today’s most important issues: ■ Tiffany M. Bauguess (Beeson), Consultant, MScGlobal Trials HK ■ Randy Berholz, Executive Vice President, Corporate Development and General Counsel, Innovus Pharmaceuticals, Inc. ■ David Deere, Chief Commercial Officer, PaizaBio ■ Changming Fang, Director of Biology and Drug Discovery, FronThera US Pharmaceuticals ■ Steve Ferguson, Chair, Department of Technology Transfer, Foundation for Advanced Education in the Sciences (FAES) Graduate School ■ Sean Hu, Founder, mAbKey Therapeutics ■ Charles (Changhui) Li, MS MBA, Chief Business Officer, Zhejiang Hopstem Biotech- nology Co., Ltd.
    [Show full text]
  • Pharmaceutical Innovation in the APAC Region
    Special report Pharmaceutical innovation in the APAC region A quantitative company ranking and future outlook Country/ Major Pharma Early-stage Drug Rank Company Maturity Total Score Region HQ (Top 50 by global revenue) Partnering Development 가장 혁신적인 1 Daiichi Sankyo Co Ltd Japan 410 320 135 865 대형 제약사 2 Takeda Pharmaceutical Co Ltd Japan 395 320 135 850 Rank 1-18 3 Eisai Co Ltd Japan 350 320 135 805 4 Astellas Pharma Inc Japan 345 320 135 800 5 Otsuka Holdings Co Ltd Japan 325 315 135 775 6 Shionogi & Co Ltd Japan 320 315 125 760 6 CSL Ltd Australia 345 310 105 760 8 Ono Pharmaceutical Co Ltd Japan 320 310 125 755 9 Mitsubishi Chemical Holdings Corp Japan (Mitsubishi Tanabe) 300 315 125 740 9 Kirin Holdings Co Ltd Japan (Kyowa Hakko Kirin) 315 300 125 740 11 Hanmi Pharmaceutical Co Ltd South Korea 325 295 115 735 12 Daewoong Pharmaceutical Co Ltd South Korea 305 300 95 700 13 Sumitomo Chemical Co Ltd Japan 265 305 125 695 14 FUJIFILM Holdings Corp Japan 265 300 125 690 15 Kyorin Holdings Inc Japan 280 280 105 665 16 Teijin Ltd Japan 250 275 115 640 17 Japan Tobacco Ltd Japan 230 260 115 605 18 Lupin Ltd India 185 280 125 590 18 Maruho Co Ltd Japan 200 265 125 590 Shanghai Fosun Pharmaceutical 18 Mainland China 175 305 110 590 (Group) Co Ltd Note: Scores do not reflect recent changes in company ownership, e.g., divestiture of CJ Healthcare to Korea Kolmar Holdings in 2018.
    [Show full text]
  • FTSE Emerging Markets All Cap China a Inclusion
    FTSE Russell Publications FTSE Emerging Markets All Cap 19 November 2018 China A Inclusion Indicative Index Weight Data as at Closing on 28 September 2018 Index Index Index Constituent Country Constituent Country Constituent Country weight (%) weight (%) weight (%) 21Vianet Group (ADS) (N Shares) 0.02 CHINA AIA Engineering 0.02 INDIA AmTRAN Technology 0.01 TAIWAN 360 Security (A) <0.005 CHINA Aier Eye Hospital Group (A) 0.01 CHINA Anadolu Cam <0.005 TURKEY 361 Degrees International (P Chip) <0.005 CHINA Air Arabia 0.01 UAE Anadolu Efes 0.01 TURKEY 3SBio (P Chip) 0.04 CHINA Air China (A) 0.01 CHINA Anadolu Grubu A 0.01 TURKEY 51job ADR (N Shares) 0.03 CHINA Air China (H) 0.03 CHINA Andhra Bank <0.005 INDIA 58.com ADS (N Shares) 0.14 CHINA AirAsia Group Berhad 0.02 MALAYSIA Andon Health (A) <0.005 CHINA 5I5j Holding Group (A) <0.005 CHINA AirAsia X <0.005 MALAYSIA Aneka Tambang Tbk PT 0.01 INDONESIA A.G.V. Products <0.005 TAIWAN Airports of Thailand 0.17 THAILAND Angang Steel (A) <0.005 CHINA ABB India 0.02 INDIA Airtac International Group 0.03 TAIWAN Angang Steel (H) 0.02 CHINA Ability Enterprise <0.005 TAIWAN Aisino Corporation (A) 0.01 CHINA Angel Yeast (A) <0.005 CHINA Aboitiz Power 0.02 PHILIPPINES Ajanta Pharma 0.01 INDIA Anglo American Platinum 0.04 SOUTH Absa Group Limited 0.15 SOUTH Ajisen China Holdings (P Chip) <0.005 CHINA AFRICA AFRICA Akbank 0.05 TURKEY Anglogold Ashanti 0.07 SOUTH Abu Dhabi Commercial Bank 0.08 UAE Akcansa Cimento <0.005 TURKEY AFRICA Abu Qir Fertilizers & Chemical Industries 0.01 EGYPT Akenerji Elektrik Uretim <0.005 TURKEY Anhui Anke Biotechnology (Group) (A) <0.005 CHINA AcBel Polytech 0.01 TAIWAN AKR Corporindo Tbk PT 0.01 INDONESIA Anhui Conch Cement (A) 0.02 CHINA ACC 0.02 INDIA Aksa Akrilik Ve Kimya Sanayii <0.005 TURKEY Anhui Conch Cement (H) 0.14 CHINA Accelink Technologies (A) <0.005 CHINA Aksa Enerji Uretim AS <0.005 TURKEY Anhui Expressway (A) <0.005 CHINA Accton Technology 0.03 TAIWAN Aksigorta <0.005 TURKEY Anhui Expressway (H) 0.01 CHINA Ace Hardware Indonesia 0.01 INDONESIA Al Meera Consumer Goods Co.
    [Show full text]
  • Acquisition of Finished Drug Businesses Reduces Bulk Exposure
    June 27, 2012 COMMENT China Pharmaceutical Group (1093.HK) HK$2.05 Equity Research Acquisition of finished drug businesses reduces bulk exposure News China Pharm has announced the acquisition of three finished drug companies from its parent for a total consideration of HK$8.98 bn (HK$2.271 bn equity and HK$6.708 bn in convertible bonds). Total 2011 NPAT of the acquired companies was Rmb314 mn (HK$383mn) in 2011 (vs HK$233 mn for China Pharm). China Pharm also stated that net tangible assets of the acquired companies will be no less than HK$950 mn at completion. Assuming an HK$600mn/HK$800mn earnings contribution as guided by China Pharm for target companies in 2012E/13E, we calculate EPS accretion will be HK$0.103/0.137 on a fully converted basis post share allotment and CB issuance respectively, which gives an acquisition P/E multiple of 15x/11x for 2012/13E respectively. Analysis The acquisitions are: (1) CSPC OYY, owning four pharma manufacturing sites with GMP standards and four bulk drugs production lines meeting global standards. It manufactures over 200 pharma products, including Azithromycin capsules, Alendronate sodium tablets and Levoamlodipine Maleate tablets. NPAT was Rmb114mn in 2010 and Rmb142mn in 2011, with 2011 year-end NAV of Rmb220mn. The OYY subsidiaries’ NPAT were Rmb-0.468mn/Rmb0.295mn in 2010/2011. (2) CSCP NBP, engaged primarily in the manufacture of drugs for the central nervous system (CNS), e.g. cerebrovascular drug Butylphthalide Soft Capsules. NPAT was Rmb13.99mn/Rmb105.5mn in 2010/2011, with NAV at end of 2011 at Rmb235mn.
    [Show full text]
  • 2013 Outlook 10 December 2012 Health Care Industry Update
    Deutsche Bank Markets Research Asia Industry Date China 2013 Outlook 10 December 2012 Health Care Industry Update Jack Hu, Ph.D Research Analyst Anticipate healthy revenue growth (+852) 2203 6208 [email protected] and modest margin pressure Healthy sector growth with modest margin pressure in 2013 Top picks We estimate 20-22% growth for the drug sector and 19% growth for the Sino Biopharmaceutical Buy medical device sector in 2013, driven primarily by healthy growth in medical (1177.HK),HKD3.72 reimbursement funding and completion of the infrastructure build-up cycle, China Shineway (2877.HK),HKD12.16 Buy respectively. We expect operating margin erosion to continue, due largely to Mindray Medical (MR.N),USD34.47 Buy rising sales and marketing expenses. We reiterate our top picks, namely Shineway (2877.HK), Sino Biopharm (1177.HK) and Mindray Medical (MR.N). Companies Featured Catalysts in 2013 We expect the following positive catalysts: 1) continuous demand growth, Sino Biopharmaceutical Buy (1177.HK),HKD3.72 demonstrated by growth acceleration of in-/out-patient visits to hospitals; 2) 2011A 2012E 2013E 2013 NRDL expansion, as more drugs should be reimbursed; and 3) new GMP P/E (x) 20.1 22.3 19.0 inspection for injectables by YE13, since sector consolidation is likely to ensue. EV/EBITDA (x) 8.9 9.7 8.2 We also anticipate the following uncertainties in 2013: 1) 2013 RDL tender, Price/book (x) 3.0 4.2 3.9 which could have a negative impact on drug pricing; and 2) hospital reform, which will affect prescription volumes, a larger risk compared with pricing.
    [Show full text]
  • Chinese Life Sciences Inward Visit
    Chinese Life Sciences Visit – 4 July 1 Victoria St Conference Centre, London The China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCMHPIE) is bringing a delegation to the UK in July, as part of their co-operation with UKTI under the Joint Economic Trade Commission Healthcare Working Group. This event will give you the opportunity to find out more about how CCCMHPIE, UKTI and the China-Britain Business Council (CBBC) can help UK companies doing business in China, and network with the delegation of Chinese Life Sciences companies. Places are limited at this event, to confirm a place, email – [email protected] providing a short paragraph about your company by 27 June. Time Agenda 10.30 – 11:00 Registration Introductory presentations from Dr Mark 11.00 - 11.20 Treherne, UKTI and Madam MENG Dongping, CCCMHPIE 11:20 -11:40 Presentations from the Chinese delegation 11:40 -11:50 Case study 11:50 -12:00 Closing remarks 12:00 -14:00 Networking and Lunch Chinese Delegation Name Organisation Title ZHOU Xiaoming Chinese Embassy in the UK Minister Commercial Counsellor MENG CCCMHPIE, Vice President – Dongping under MOFCOM Lead of the Delegation State Administration of Traditional Chinese Medicine of the People's Republic of China Vice Director-General WU Zhendou (SATCM) Ministry of Commerce of the People's Republic of China Deputy Director YU Miao (MOFCOM) CCCMHPIE, Department of GUO Xiaodan under MOFCOM Pharmaceuticals ZHANG Li CCCMHPIE, Department of Law Affairs (Ally) under MFOCOM of Strategic Planning Institute of Chinese Materia Medica of China Academy of LIJianrong Chinese Medical Sciences Researcher Institute of Chinese Materia Medica of China Academy of LIANG Aihua Chinese Medical Sciences Researcher China Beijing Tongrentang LI Xia (Group) Co.,Ltd.
    [Show full text]
  • Healthcare in China Entering Uncharted Waters
    Healthcare in China Entering uncharted waters Healthcare Healthcare in China Entering uncharted waters September 2012 2 Preface The Chinese government is committed to their capabilities, and aspire to strategic improvement of the healthcare system and alliances and international expansion. development of the healthcare industry Insurance companies and healthcare as clear strategic priorities. Reforms providers are also beginning to benefit from the announced in 2009 set the ambitious goal government’s resolute steps towards opening of providing universal access to effective, up the market. By allowing private companies safe, and low-cost healthcare by 2020. to play a larger role, the government will enable The 12th Five-Year Plan, issued in March a significant inflow of new entrants who are 2011, encourages innovation throughout eager to tap into the primary opportunities in the biomedical industry, broadly defined as health insurance, private hospitals and clinics, covering pharmaceuticals, vaccines, medical and in the services such as healthcare IT that products and traditional Chinese medicine. underpin them. Its designation as a ‘strategic industry’ leads to government support through significant Many of the ingredients are in place for flows of public funds and favorable policy- the continuation of strong growth of the changes, many of which have yet to be healthcare sector. We believe however that conceived and articulated. These various the path ahead will be more challenging, policies will offer extensive opportunities for reflecting the ambition and the scale participants in every sector of the industry. of the transformation under way. In the words of vice-premier Li Keqiang, China’s Spending on healthcare for the China’s healthcare system has entered ‘uncharted vast population is on a fast track to reach waters’.
    [Show full text]