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India bans 350 combination drugs on safety grounds

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17-Mar-16 The Indian government has banned around 344 fixed dosed combination drugs, including Pfizer's cough syrup Corex, Procter & Gamble's Vicks Action 500 Extra and Crocin Cold and Flu, citing their potential risks. [image: Sajjad Hussain / AFP / Getty Images]

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Vietnam spends USD3.4 bn on medication

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17-Mar-16 Medicine cost each Vietnamese USD37.9 on average in 2015, rising by 10% from the previous year and almost doubling the 2009 figure. Vietnam spends about USD3.4 bn on medication every year. [image: VNA]

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Prenetics raises USD10 mn investment led by China's Ping An

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16-Mar-16 Prenetics, a precision medicine company focused on personalized, predictive and preventive treatments, has announced a USD10 mn strategic investment led by China's Ping An Ventures. Other investors include Indonesia's Lippo Group backed Venturra Capital, Capital Union Investments and existing investors 500 Startups, COENT Venture Partners. [image: Prenetics]

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China requires generics to obtain brand-name drug quality

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08-Mar-16 According to a circular issued by China's State Council, generic drugs already available on the market should be assessed on whether they are consistent with brand-name drugs, and if they could be used clinically. Crucially, generics that pass the assessment will be included under national insurance coverage. [image: People's Daily Online]

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Chinese medical giant in deal with bank to explore health industry

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29-Feb-16 An agreement worth RMB10 bn (USD1.5 bn) has been signed between WuXi AppTec and Ping An Bank jointly to explore the health industry. According to the deal, Ping An will provide a credit line for WuXi AppTec to promote the pharmaceutical platform company's development in the domestic market. [image: Chinatopix / Getty Images]

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