ChinaBio(R) LLC Release: China Pharma Production Rose 18% In 2013
2/25/2014 9:00:14 AM
by Richard Daverman, PhD
February 24, 2014 -- China's pharmaceutical output in 2013 rose 18% to $355.4 billion, while profits were up 17.6% at $36 billion, according to the figures published by the National Development and Reform Commission. TCM preparations did especially well, said the agency. On the other hand, the agency blamed weak economies in the US and Europe for keeping China’s drug industry from doing even better. More details....
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