Wednesday, 12 December 2012 19:12

Drug Makers Turn to Traditional Chinese Medicine

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"The confluence of China’s growing middle class and pharmaceutical companies’ need to find new revenue have combined to give Western drugmakers an increasingly open mind about a 2,500 year-old form of medicine they once scoffed at.

“You have 1.3 billion people, many of whom cannot afford Western medicines and who believe that traditional Chinese medicines are good enough,” said Bloomberg Industries analyst Sam Fazeli. “If they can manufacture it on a meaningful scale, and do it with the stamp of a Glaxo or a Sanofi on it, perhaps the consumer will be more interested in buying it than something that’s boiled up in a vat somewhere.”"

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I'll take the stuff mixed in a vat somewhere over ANYTHING with "Glaxo" or "Sanofi" on it. – Wes

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