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ChinaBio(R) LLC Release: In China, Roche and Swiss Re Offer Insurance to Cover Biologic Drugs


11/15/2012 11:34:20 AM

by Richard Daverman, PhD

November 14, 2012 -- To increase China sales of its biologic drugs, Roche is using a strategy that works in the west: insurance. The company is working with Swiss Re to offer insurance at a nominal amount to China’s residents. Although China offers a basic level of insurance to its citizens, the plans do not cover Roche’s high-priced cancer drugs. So far, according to a Bloomberg article, six million Chinese have signed up, and ten million are expected before the end of the year. More details....

Stock Symbol: (VX: ROG)


Read at ChinaBio Today


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