Biotech Values

[DewDiligence]

Here we go again…China halts sales of capsules containing excessive chromium:

http://online.wsj.com/article/SB10001424052702304299304577347563418936068.html

The statement named the 13 drugs under suspension, including 11 Chinese traditional herbal remedies and two antibiotics. All were made by Chinese pharmaceutical companies that purchased the capsules from small manufacturers in China's coastal Zhejiang province.

Pfizer Inc., one of the numerous pharmaceutical companies that produces drugs in China, hasn't been affected, according to a company spokeswoman. Pfizer sources its capsules from a supplier in another province.

Score another point for the value of branded generics from big-name companies.