Dr Reddy’s to move beyond drugs with VC arm

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04-Sep-15 India's Dr. Reddy’s new venture capital arm is considering 20 business proposals, including a chain of dental clinics and health-diagnostic laboratories, and is likely to back one or two as part of a plan to transform India’s second-largest drug maker into a broader health-focused company. [image: Mint]

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Korean medical companies sign 15 MOUs with China

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04-Sep-15 Korean medical companies will speed up their entry into China, having secured a bridgehead into the telemedicine market by inking agreements with Chinese partners. Other agreements will allow Korea to export more drugs and biotech to China. These developments will help Korea become one of the top seven healthcare powers within five years. [image: Business Korea]

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Japan's medical spending to top JPY40 tn

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03-Sep-15 Japan's medical expenses in the year to March 2015 are certain to have hit a new high above JPY40 tn (USD332 bn) because of the nation's graying population, health ministry data showed. The continuous growth also reflects advances in more expensive medical technology, while greater use of generic medicines has slowed the increase compared with previous years. [image: Getty Images].

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Struggles ahead in China for pharma companies

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02-Sep-15 China's economic downturn plus other factors, including overcapacity and tightening regulations, mean the next two to three years could be challenging for the foreign chemical and pharmaceutical companies located there. [image: Want China Times]

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China worries could hurt pharma’s health

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23-Aug-15 Emerging-market sales for the big pharmaceuticals firms increased by about 5.5% year over year in the second quarter, well below the 9% average of the prior four quarters. Macroeconomic pressures are increasing. Weaker currencies hurt sales, a factor put into clear focus by China’s devaluation of the yuan. [image: Nai 500]

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