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With a compound annual growth rate of only 2.6% over the past five years, China's top 100 pharmaceutical companies are entering an adjustment period. How will the industry break through under internal and external pressures?
According to the data from China Meheco Group, in 2023, multiple operation indicators of the pharmaceutical industry's leading companies have declined. The compound annual growth rate of the top 100 pharmaceutical companies in the country in the past five years is only 2.6%, and the industry as a whole has entered the adjustment phase from the initial high-speed growth. Behind the weak growth, the health industry is also undergoing transformation: overseas licensing trades for innovative drugs have reached a new high, and leading companies are accelerating outward expansion...
Fosun Pharma's New Drug Wins Approval
Express News | Shanghai Fosun Pharma - Drug Approved by China's Nmpa
Express News | Shanghai Fosun Pharma - Drug Indicated for Temporary Improvement in Appearance of Moderate to Severe Glabellar Lines Approved
Fosun Pharma (600196.SH): The licensed product for injection of type A botulinum toxin has obtained pharmaceutical registration approval.
Gelonghui September 9th | Fosun Pharma (600196.SH) announced that its holding subsidiary Shanghai Fosun Pharmaceutical Industrial Development Co., Ltd. has obtained approval from the National Medical Products Administration for the market authorization application of injectable Type A botulinum toxin (China registration trademark: Daxifei, English trademark: DAXXIFY, project code: RT002) for the temporary improvement of moderate to severe glabellar lines caused by the activity of the corrugator and/or procerus muscles in adults.
Founder Securities: the revenue growth rate of the pharmacy sector slows down, and the concentration is expected to accelerate.
The individual account reform of medical insurance has led to a decrease in personal account income, affecting pharmaceutical sales and pharmacy business relying on individual account payments. In 2023, pharmacy medical insurance personal account expenditures decreased by 9%, and this trend is expected to continue in 2024.
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