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DewDiligence

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DewDiligence

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Re: DewDiligence post# 9228

Friday, 01/09/2015 3:40:21 PM

Friday, January 09, 2015 3:40:21 PM

Post# of 30493
China opens prescription-drug market to online vendors:

http://uk.reuters.com/article/2015/01/09/us-china-pharmaceuticals-idUKKBN0KI0Y220150109

China will allow online sales of prescription drugs as early as this month, a policy that will open up an over 1 trillion yuan ($161 billion) market to online pharmacy operators like Alibaba Group Holding Ltd and Wal-Mart Stores Inc. The China Food and Drug Administration (CFDA) is finalising which prescription medicines to approve for sale, a senior healthcare policy adviser told Reuters. The policy would help reform a fragmented and opaque market controlled by state-run distributors and hospitals…

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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