Multinational pharmaceutical companies to show why the rush to the Chinese passion for R amp; D-.doc

 PAGE \* MERGEFORMAT 6 Multinational pharmaceutical companies to show why the rush to the Chinese passion for R amp; D? Novartis office near China’s non-prescription drugs (OTC) announced a high-profile president Jiang Hua, Novartis will be the future development of Chinese herbal medicine market expertise, and threw out the “hydrangea” will be conditional acquisition of more than 500 million sales in the domestic pharmaceutical companies. Novartis interest in Chinese medicine, in fact, a long time. As early as 2001, the company had with the Chinese Academy of Sciences signed an agreement with Shanghai Institute of Materia Medica, Chinese investment in $ 2,000,000 for development of .2004, Novartis and reinvested $ 1,500,000 Shanghai Institute of Materia Medica launched a three-year study of traditional Chinese medicine extracts. Novartis reason why a soft spot for traditional Chinese medicine, its because, as chairman and CEO of Novartis, Daniel Vasella said: “By 2010, China will be the world the fifth largest pharmaceutical consumer markets, with huge profit margins. but apart from market, Novartis is more optimistic about Chinese medicine as a research and development resources. Novartis collaboration is the most wanted anti-tumor, nervous system and cardiovascular drugs such as some Chinese medicine in This has effects, such as Ganoderma, Cordyceps, and so. “ Novartis has long been dedicated mainly due to Novartis in a taste of traditional Chinese medicine research and development of great sweetness. Extracting compounds in traditional Chinese medicine, the last century, the seventies and eighties, the chemical structure of our country, based on artemisinin, invented so far tremendous impact on the world of independent drug artemether. and Novartis on this basis in cooperation with the military ASTRI has developed biological Coartem, Novartis is also the first factory in Beijing, patent medicine, but also by the British The GMP certification, so that t