Pluristem Therapeutics Inc (PSTI)

[bluehorsesho]

News out 4 days ago, why we need the CHINA deal !!!!

China pharma poised for explosive growth, Novartis CEO says

April 19th, 2017

http://www.fiercepharma.com/pharma/china-set-for-a-pharma-boom-period-novartis-ceo-says

As drugmakers face growth challenges in the U.S. and other developed countries, China is looking more enticing to one CEO. Novartis chief Joe Jimenez thinks the market is set for a boom period as the industry launches a wave of new meds in the country.

Already the second-largest pharma market in the world, Jimenez told Bloomberg that pharma sales in China could pass $300 billion by 2020. That will happen as regulators in the country push to offer new drugs to sick patients who’ve traditionally not had access to the world’s groundbreaking meds.

Last month, officials in China proposed a slate of changes to the country’s drug approval process to speed foreign drug approvals by loosening testing rules. Traditionally, drugmakers have faced high barriers to entry in China centered around local drug testing.


RELATED: China proposes new FDA rules to speed up foreign drug approvals
But with those laws set for a change, Big Pharma is taking notice.