ScripsAmerica Inc. (SCRCQ)

[Guts]

How big is the China Rx Market?

China Biotech In Review: China's Rx Market To Total $315 Billion In 2020
Aug 4 2013, 02:35 by: ChinaBio Today | includes: GE, GILD, JNJ, WX 17:13Industry Insights

GlobalData, a London consultancy, projects China's prescription drug market will expand at a 26% compound annual growth rate to $315 billion in 2020, up from $48 billion last year. One of the drivers is China's investment in drug R&D. GlobalData also believes the growth will take place because of (not in spite of) price pressures being exerted by China's government. By increasing affordability, less-expensive products will expand the market and more than make up for lower unit prices, says the company.

Could we classify RapiMeds as a "less-expensive" product which offers "increased affordability"? I think so. SCRC is on the verge of what only a few pharma companies have accomplished. GO SCRC!!!