Bribery Scandal Threatens Future of Big Pharma in China

Source: pharmamanufacturing.com

Sep 19, 2013

fool.com

China is on course to become the second-largest pharmaceutical market in the world, with sales expected to eclipse $350 billion by 2020, but recent investigations into the pharmaceutical industry are threatening the future of some of these companies in this lucrative emerging market.

Police investigations into China's pharmaceutical sector has hurt sales at international and local firms, with many doctors at Chinese hospitals refusing to see drug representatives for fear of being caught up in the widening scandal. Read more

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