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» 23/07/2009 [Company watch]
China Aoxing Pharmaceutical Corp. Receives Renewal of GMP Certification for Capsule Dosage Form of Pharmaceutical Products
» 15/03/2010 [Industry news]
Recordati S.p.A And Lee Pharmaceutical Announce Partnership For Zanidip(R) In China
» 26/10/2009 [Finance]
China Growth to Remain Fast in Fourth Quarter, Official Says
» 17/08/2009 [Industry news]
Chindex Posts Profit on Product Sales, Health Services
» 07/05/2010 [Industry news]
Hong Kong: Recall of all products manufactured by Quality Pharmaceutical Lab Ltd
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»24/10/2009 [Industry news]
China predicted to become world\'s second largest OTC medicine market in 2010

China will become the world\'s second largest market of non-prescriptive medicine, or over the counter(OTC) medicine in 2010, says Olivier Charmeil, Sanofi-Aventis

 
China will become the world\'s second largest market of non-prescriptive medicine, or over the counter(OTC) medicine in 2010, a senior executive with a European pharmaceutical giant said Saturday. Olivier Charmeil, Sanofi-Aventis\' senior vice president for pharmaceutical operations in Asia/Pacific and Japan predicted Saturday made the prediction here. In 2008, the scale of OTC medicine market in China hit 70 billion yuan (about 10 billion U.S. dollars), with Vitamin and mineral products taking the lion\'s share. Sanofi-Aventis China announced Saturday the decision of building a joint venture to focus on vitamin and mineral medicines with China s Minsheng Pharmaceutical Group Co., Ltd. The move was a strategic one for Sanofi-Aventis to enter the Chinese OTC medicine market, said Charmeil. The pharmaceutical giant will control the majority of the shares of the joint venture pending the signing of an agreement. Editor: Zhang Xiang

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