Route through Chinese medicine DSM China Gonglue mutation.docVIP

 PAGE \* MERGEFORMAT 7 Route through Chinese medicine DSM China Gonglue mutation Recently, the Dutch giant DSM group of antibiotics explicitly rely on 1.3 billion shares of China Pharmaceutical Group and its listed companies, and in the field of vitamins and anti-infective form a joint venture. Concerning this multinational giant, the leading pharmaceutical companies with the domestic industrial integration between the achievements of the year will be the biggest pharmaceutical industry mergers and acquisitions. Has been cautious in the Chinese market ahead of the pharmaceutical business strategy, DSM mutation is taking place. DSM Pharmaceutical production and technology transfer to China of double, and the Chinese drug’s manufacturing cost advantage and sales network, will enable DSM and Chinese medicine to vitamins and antibiotics to seek the two areas of greater right to speak. Industry analysis, the two sides of the joint will give a strong impact on China’s industrial pattern of antibiotics, and its domestic Cheong Hang Road, the ‘Indian goods’ sales have an impact. DSM 1.3 billion gamble on Chinese medicine At present, the product aging, drug prices drop and the rise of strong competitors, and many other factors are the Sun, it was pushed into the unlimited North China Pharmaceutical Market frustrated torment period. According to statistics of China Galaxy Securities analyst Yan-Ming Liu, North China Pharmaceutical in 1998 and 1999 account for the pharmaceutical industry’s first one-float market capitalization has now slipped to 25 outside. Recently, North China Pharmaceutical notice issued full-year results are expected for the full year 2005 results for a loss. However, vitamins and antibiotics, industrial magnates DSM’s eyes, also has two core business of the North China Pharmaceutical is still a potential to be tapped for ‘meat and potatoes’, DSM is planning a bigger vitamins and antibiotics, industrial clusters . DSM Chairman and CEO, Ai Fu-ti