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  • August 21, 2014
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  1. Business - China Business - PHARMACEUTICALS

    HK$785m goodwill writedown sees Wanjia record second-quarter loss

    Posted Aug 14th 2014, 02:16pm by Jasper Moiseiwitsch

    ... it took a hit of HK$785 million. In a profit warning earlier this month, the firm said the Fujian Food and Drug Administration had said in April that only selected distributors would be allowed ...

    http://www.scmp.com/business/china-business/article/1573480/hk785m-goodwill-writedown-sees-wanjia-record-second-quarter
  2. Business - Economy - ANALYSIS

    Sex and drugs to add to Europe's murky GDP figures

    Posted Jun 03rd 2014, 01:30am by BLOOM

    ... Bloomberg New EU economic data rules will put focus on how officials estimate size of grey markets Sex and drugs to add to Europe's murky GDP figures Europe has a new source of economic growth. In the next few months all European Union (EU) countries that do not already include drugs, prostitution, and other illegal and grey-market businesses in their gross domestic ...

    http://www.scmp.com/business/economy/article/1524064/sex-and-drugs-add-europes-murky-gdp-figures
  3. Business - Banking & Finance - REGULATION

    HKMA blames StanChart's NY office for anti-money laundering failures

    Posted Aug 21st 2014, 01:28am by DON WEINLAND

    ... billion in 2012 after the authorities alleged the bank assisted drug cartels to launder money. Additional reporting by Jeanny Yu ...

    http://www.scmp.com/business/banking-finance/article/1578046/hkma-blames-stancharts-ny-office-anti-money-laundering
  4. Business - Companies - PHARMACEUTICALS

    Samsung targets low cost drugs as its next growth driver

    Posted May 13th 2014, 01:13am by BLOOM

    ... Bloomberg in Tokyo South Korean electronics giant betting US$2b on biopharmaceuticals to shore up future growth Samsung targets low cost drugs as its next big thing Samsung Group transformed its electronics unit into the world's largest smartphone maker by outselling Apple. Now it is setting its sights on the drug industry. South Korea's biggest company is investing ...

    http://www.scmp.com/business/companies/article/1510759/samsung-targets-low-cost-drugs-its-next-growth-driver
  5. Business - Companies

    R&D spend in biotech outpaces revenue

    Posted Jun 25th 2014, 02:37am by Reuters

    ... obesity. Getting approval for new treatments or drugs is a lengthy process requiring up to three phases of testing under the watch of the US Food and Drug Administration and can take years ... and development of biotech drugs rebounded last year by 14 per cent from 2012, mainly due to a 20 per cent rise in US spending. That uptick caused net income to slip US$8 million to an industry-wide ...

    http://www.scmp.com/business/companies/article/1539911/rd-spend-biotech-outpaces-revenue
  6. Business - China Business - REGULATION

    China's drug safety worries FDA

    Posted Apr 05th 2014, 01:07am by BLOOM

    ... Bloomberg in Washington US regulator seeking to increase staff to carry out more inspections of mainland drug firms China's drug safety worries FDA Improvements are needed in the production of drug ingredients in China to erase the safety risks faced by American consumers, a US regulator said. While the Food and Drug Administration attempts to ensure medicines imported from ...

    http://www.scmp.com/business/china-business/article/1465091/chinas-drug-safety-worries-fda
  7. Business

    A bet on Hengqin zone's potential comes with risks

    Posted Jul 28th 2014, 04:26am by Ray Chan

    ... that the special economic zone could alleviate the massive shopping traffic in Hong Kong by having more drug stores and mass-market retailers, the latest sign that the area’s goal to become a financial ...

    http://www.scmp.com/business/article/1560702/bet-hengqin-zones-potential-comes-risks
  8. Business - China Business - EARNINGS

    Sinopharm to step up drug sales in retail sector

    Posted Mar 25th 2014, 01:32am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Sinopharm to step up sales in retail sector Sinopharm, the mainland's largest drug distributor, plans to boost retail sales to more than 10 billion yuan (HK$12.5 billion) in 2016, said Li Zhiming, the state-owned firm's president. Last year, the firm's drug retail sales rose 17.5 per cent to 4.83 billion yuan. "We ...

    http://www.scmp.com/business/china-business/article/1456559/sinopharm-step-drug-sales-retail-sector
  9. News - China - FOOD SAFETY

    Starbucks, Dicos withdraw sandwiches as China launches nationwide probe into 'rotten meat' firm

    Posted Jul 21st 2014, 10:11am by Patrick Boehler

    ... will look at processing sites and meat sources in five other provinces in central, eastern and southern China, the China Food and Drug Administration announced. Violations will be “severely ... full responsibility for the situation and will take appropriate actions swiftly and comprehensively," its statement said. The China Food and Drug Administration has launched ...

    http://www.scmp.com/news/china/article/1556953/mcdonalds-kfc-supplier-closed-shanghai-authorities-investigate-rotten
  10. Business - China Business - CORRUPTION ALLEGATIONS

    Sex video emerges in new twist to China's GlaxoSmithKline bribery scandal

    Posted Jun 30th 2014, 11:17am

    ... of an intimate video recording of its former China head, Mark Reilly, which The Sunday Times reported kicked off a bribery investigation that has damaged the drug maker’s business in China. The Sunday ... Reilly’s whereabouts are unknown. China’s investigation into GSK and its scrutiny of numerous other foreign and local drugs companies have frightened foreign pharmaceutical executives so much ...

    http://www.scmp.com/article/1543450/sex-video-new-twist-gsk-china-bribery-scandal

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