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Replies to post #5354 on The Rising Influence of Rising Affluence
07/17/12 1:01 PM
The acquisition is intended to make Thermo Fisher a global player in organ transplant products. One Lambda, based in Canoga Park, Calif., makes tests that identify compatible organ donors and recipients, and that detect antibodies which signal the body’s potential rejection of a transplanted organ.
Marc Casper, chief executive, said the acquisition will help Thermo Fisher meet steadily growing demand for organ transplant diagnostic systems in developing economies, a $480 million worldwide market.
“We’re seeing accelerating growth in Brazil and China,” said Casper. “As those health systems become more mature, things like transplantation become more available.”
[Cowen’s Doug] Schenkel called the acquisition price reasonable, but warned that One Lambda’s long-term future may not be so rosy, because new gene sequencing technologies now under development could supplant its donor compatibility tests in five to 10 years.
07/18/12 9:08 AM
07/26/12 10:30 PM
Health experts say China has now caught up to speed with—and even exceeded—the lifestyle-related health problems of more developed countries, and doesn't have sufficient measures in place to prevent diseases such as heart disease, diabetes and cancer, which are costly to treat.
“The country is struggling to deal with a population that is urbanizing, aging and is afflicted with chronic diseases,” said Wang Linhong, the executive deputy director of the chronic-disease arm of the Chinese Center for Disease Control and Prevention.
…Out of every 100 deaths in China, 85 are now caused by chronic diseases, according to China's Ministry of Health. By comparison, the U.S. Centers for Disease Control and Prevention says the rate is 70 per 100 in the U.S., while the World Health Organization says they represent 63% of deaths world-wide.
07/31/12 10:48 AM
08/02/12 11:38 AM
Covidien, a leading global provider of healthcare products, today announced the official opening of its China Technology Center (CTC) Research and Development (R&D) facility in Shanghai. The CTC has two core focus areas:
• Design of Tailored Products: identify and develop products that are customized to meet the needs of China and other Emerging Markets.
• Discovery of Breakthrough Platforms in medical technology –utilize the unique skillsets and expertise of employees in Asia to create and develop new medical device technologies.
…The CTC complements Covidien’s other operations in China, which include 10 commercial offices, a manufacturing center and training facilities for healthcare professionals.
08/05/12 6:55 PM
08/05/12 9:09 PM
In China, the report estimates, drug spending will amount to about $121 a person in 2016, which is far less than the $892 a person expected to be spent in the United States. But given that two-thirds of the world’s population lives in those emerging markets, even modest increases can make a big difference.
Spending is expected to double in these markets in the next five years, growing by a projected range of $150 billion to $165 billion, the report found. By 2016, 30 percent of global spending on medicines will be in the emerging markets, compared with 20 percent in 2011.
10/09/12 4:45 PM
UnitedHealth Group is taking up the samba. The insurer said Monday that it would buy 90% of Amil Participações, Brazil's largest health-care company by revenue, for $4.3 billion. About three-quarters of Brazil's population gets health care through a government-run system, but UnitedHealth says the demand for private coverage is rising as the country's expanding middle class seeks access to newer facilities and technology.
11/26/12 8:15 AM
GlaxoSmithKline Plc plans to spend more than $1 billion to raise stakes in its Indian and Nigerian consumer healthcare arms, as Britain's biggest drugmaker deepens its emerging markets and non-prescription consumer health footprint.
… GSK said on Monday it will buy up to an additional 31.8 percent stake in India's GlaxoSmithKline Consumer Healthcare Ltd for about $940 million by paying 3,900 rupees ($70.16) per share in an open offer. The price was a premium of 28 percent to the stock's Friday close.
On similar lines, GSK also said it plans to raise the stake in its Nigerian consumer products unit to 80 percent from 46.4 percent now in a $98 million deal.
Post the offer, GSK's stake in the Indian consumer products arm, which makes health drinks and over-the-counter drugs and balms, will rise to 75 percent from 43.2 percent.
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