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Singapore: An emerging hub for medical devices

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20-Apr-16 Singapore’s medical devices industry is aiming to hit SGD5 bn in manufacturing output. The government is targeting up to 1 mn foreign patients a year, which will contribute SGD2.6 bn (USD1.6 bn), or about 1%, to Singapore’s GDP. Already there are 30 global medical technology companies, including the industry’s leading manufacturers, with operations and R&D in Singapore. [image: Asian Briefing].

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American giant enters Russia’s pharmacy network

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19-Apr-16 Walgreens Boots Alliance has bought a 15% stake in Russian pharmacy chain 36,6. In return Walgreens Boots Alliance has sold its Russian distributor Alliance Healthcare Russia to 36,6. The country’s commercial drug market can be very promising for foreign investors. [image: Newseurope]

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Indian regulators separate medical device and pharmaceutical rules

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19-Apr-16 The Indian Ministry of Health and Family Welfare has issued draft rules that establish registration and quality system requirements for medical devices and IVDs distinct from pharmaceutical products. Although the new rules pertain only to manufacturers based in India, they are significant by showing that the government now distinguishes medical devices as a separate industry from pharmaceuticals. [image: Business Today]

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China's e-pharmacy business eyes prescription drugs

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10-Apr-16 China's online pharmacy business has grown from virtually nothing five years ago to more than RMB7 bn (USD1.1 bn) in 2014, accounting for 3% of all retail medicine sales. But the boom is only a preview of explosive growth to come, provided authorities allow online pharmacies to sell prescription drugs. So far online pharmacy sales consist mostly of OTC medicine. [image: Asia Pacific Daily News]

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