TCM sales

[GeneChing]

At least some one is making a profit during the recession.

Aug 27, 2009
Eu Yan Sang posts $13m profit (http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_422171.html)
By Joyce Teo, Property Correspondent

TRADITIONAL Chinese Medicine firm Eu Yan Sang International has posted a 165 per cent rise in net profit to $13.1 million for the year ending on June 30.

Revenue rose 7 per cent to $222.5 million, the ninth consecutive year-on-year growth since the Group's listing in 2000.

The firm is recommending a dividend of 2.2 cents per share, up from 2 cent a share one year ago.

Earnings per share hit 3.63 cents, up from 2.84 cents a year ago. Net asset value per share reached 25.9 cents, up from 24.3 cents a year ago.
Is this Health Care Reform? :p

[GeneChing]

health care reform PRC style...

Thursday, August 27, 2009
Hutchison China MediTech boosted by new essential drugs list compiled by Chinese Ministry of Health (http://www.proactiveinvestors.co.uk/companies/news/7628/hutchison-china-meditech-boosted-by-new-essential-drugs-list-compiled-by-chinese-ministry-of-health-7628.html)

Hutchison China MediTech (AIM: HCM) announced today that fourteen of its drugs have been added to a new list of 307 essential drugs compiled by the Ministry of Health in China.

The 307 drugs include 102 traditional Chinese medicine drugs, and it is expected that approximately 30% of all state owned grass-roots heath institutions in China will be equipped with the drugs by the Ministry.

“These health institutions would be directed to give priority to the listed drugs when treating patients. By 2020, all state-owned health institutions in urban and rural China would be required to give priority to the listed drugs,” Hutchinson China MediTech stated.

The fourteen drugs manufactured by Hutchinson China MediTech and added to the list generated sales of US$53.1 million and net profit after tax and minority interests of US$6.6 million in the first six months of 2009. One of the drugs, She Xiang Bao Xin Pill, for cardiovascular disease, is only manufactured by the Company’s joint venture Shanghai Hutchison Pharmaceuticals Limited. The other 13 drugs are manufactured by several companies in China.

Christian Hogg, Chief Executive Officer of Chi-Med, said, “Overall, we believe this is good news for Chi-Med. Since our 2006 flotation, our China Healthcare Division has recorded compound annual organic growth of 28% as well as improving operating profit margins from 0% in 2005 to 18% in the first half of 2009. Inclusion of our main drugs on the Essential Medicines List positions us well to continue this growth.”

Chi-Med is focused on researching, developing, manufacturing, and selling pharmaceuticals, health supplements and other consumer health and personal care products derived from Traditional Chinese Medicine and botanical ingredients.

[GeneChing]

...I think I'm in the wrong business... :o

* AUGUST 13, 2009, 9:20 A.M. ET
Tianyin Pharma Gets China Drug Clearance; Stock Soars (http://online.wsj.com/article/BT-CO-20090813-707706.html)

Tianyin Pharmaceutical Co. (TPI) said it had been cleared by the Chinese State Food and Drug Administration to make generic forms of medicines to treat internal bleeding and respiratory ailments.

Shares jumped 32% to $4.35 in premarket trading. The stock through Wednesday had already more than doubled this year.

Sanqi tablets are used to treat injury-related bleeding and reduce swelling and pain. Tianyin expects producing the tablets - which have estimated annual Chinese sales of about $73.5 million - will help it gain a share of the Chinese orthopedic-medicine market. A feature of Sanqi is it does not cause blood stasis, or blood stagnation, an important underlying pathology of many disease processes, according to traditional Chinese medicine.

Yinqiao Jiedu is intended to treat are acute respiratory ailments such as influenza and colds. Tianyin estimates annual Chinese sales of about $1.2 billion for the medicine. It expects demand to surge during the winter flu season, increasing the company's share of the Chinese flu-medicine market.

Tianyin, while still small compared to peers, is growing fast. The company in June projected sales and earnings for the year started July 1 to soar more than 40%, with revenue seen rising to $59 million. The company sells some 40 products and has roughly that amount of treatments in its pipeline.

[GeneChing]

It's all about the packaging, especially this time of year. ;)

Chinese medicine firm employs Cambridge University to research remedies
medicines (http://www.guardian.co.uk/business/2009/dec/22/hutchison-chi-med-cambridge-university)
* Richard Wray
* guardian.co.uk, Tuesday 22 December 2009 19.11 GMT

Manufacturer Hutchison Chi-Med signs three-year deal with Cambridge pharmacologists to find active ingredients in traditional medicines

Hutchison Chi-Med, the Chinese medicine company backed by the firm that created mobile phone group Orange, has signed up the University of Cambridge to investigate the potential healing and anti-aging properties of a number of the group's herbal remedies.

Aim-listed Chi-Med sells traditional medicines in China and also has a research and development laboratory in Shanghai where its scientists analyse herbal remedies, some dating back 2,000 years, to establish their active ingredients.

The company already has a proprietary patent medicine for heart disease, the Shexiang Baoxin pill, and sold over 400 million doses of the drug in China over the first half of this year. It has been shown to have healing properties but the research deal announced today will focus research on the core ingredients of the pill. The medicine has been shown to control angiogenesis, the growth of new capillary blood vessels in the body. Dysfunctional angiogenesis is associated with more than 80 diseases, from cancer and diabetic eye problems to stroke.

Modulation of angiogenesis in the skin has also been shown to affect skin aging and over the three years of the Cambridge tie-up, which will be run by Dr Tai-ping Fan of the university's department of pharmacology, scientists will try to identify ingredients that could be used in skin care products to be marketed under Chi-Med's Sen consumer products brand.

Chi-Med is controlled by Hutchison Whampoa, a Hong Kong conglomerate that owns ports and telephone companies in the UK, and is headed by Asia's richest man, Li Ka-shing. Hutchison was also behind the creation of Orange in the early 1990s.

The company's key product to date is HMPL-004, a compound based on a Chinese remedy for inflammation of the bowel, which Chi-Med is hoping will prove a winning treatment for ulcerative colitis and Crohn's disease. Trials are ongoing.

[herb ox]

Chi-Med is controlled by Hutchison Whampoa, a Hong Kong conglomerate that owns ports and telephone companies in the UK, and is headed by Asia's richest man, Li Ka-shing.

More like Li Cha-Ching! He's Ka-shing in on folk medicine.

Not sure how I feel about this yet - MEGACORPORATIONS keep yer dirty mitts off our folk medicine, and keep it affordable and accessible to the people!

revolutionary ox

[GeneChing]

...and if there's a buck to be made, the megacorps will get involved. It does work, doesn't it, herbox? ;)

How TCM becomes regulated and marketed is key to it's integration in the western markets. That's why I monitor these news feeds.


Hong Kong Regulatory Overview for Health Supplements (http://www.npicenter.com/anm/templates/newsATemp.aspx?articleid=26033&zoneid=2)
2009-12-28 - EAS Strategic Advice Pte Ltd
NPICenter
By Daniel Tsi and Wai-Mun Poon, EAS Strategic Advice Pte Ltd

Hong Kong is one of the vibrant markets for health supplement products in Asia. There is an increasing trend among consumers to take various kinds of health supplements for good health and well-being. The most popular supplements are vitamin-based although products containing herbs and other ingredients are growing.

When planning to import, or manufacture, and market health supplements in Hong Kong, a company should have basic clarity on the regulatory requirements. A health supplement, depending on the dosage form, product composition and usage claims, may be regulated as pharmaceutical products, proprietary Chinese medicines, or pre-packaged foods.

Health supplements in pharmaceutical dosage forms (tablets, capsules, syrup), containing vitamins, minerals, and other ingredients such as glucosamine, fish liver oils and digestive enzyme such as lipase, amylase and cellulase are classified as pharmaceutical products.

Products containing herbal ingredients commonly used in Chinese medicine and which carry claims that are stated in the recognised traditional Chinese medicine text, shall be regulated as proprietary Chinese medicines under the Chinese Medicine Ordinance. Health supplements that fall under these 2 categories must be registered with the Department of Health for pre-market approval.

Product that contains other bioactive ingredients such as fish oils, coenzyme Q10 and herbal ingredients may be classified as food. However, if the product carries claims that are linked to the diagnosis, treatment, mitigation or prevention of a specific disease or disease symptoms, a health supplement will be categorised as a pharmaceutical product. Such claims usually make reference to a certain disease or disease symptom, examples are:

· soothes sore throats

· this product may lower blood sugar

· can alleviate pimples

· prevents osteoporosis

· relieves constipation

Under the Undesirable Medical Advertisement Ordinance (UMAO), high risk claims are prohibited. Examples of prohibited claims are those related to the prevention, elimination or treatment of breast lumps, and the regulation of the endocrine system. Certain claims related to maintaining normal or healthy blood sugar or blood pressure or cholesterol levels may be used subject to conditions stipulated in the Ordinance. It should be noted that health supplements with such claims have to be registered as pharmaceutical products or proprietary Chinese medicines.

In term of the maximum and minimum daily levels of vitamins and minerals permitted, there is no official limit but the levels incorporated into health supplement have to be supported by safety evidence. The usage of other bioactive ingredients such as fish oil, bee pollen and herbs/ botanicals are allowed in principle, provided there is a good safety record for the ingredients.

Companies interested in the Hong Kong market should note that proper documentation is required when registering health supplement products. The safety, quality and efficacy aspects should be supported by main documents such as free sales certificate, certificate of analysis and test methods, manufacturer’s GMP certificate and stability study reports.

EAS has released a unique and easy-to-follow guide to help companies build successful regulatory strategies to enter Asian region’s nutritional product market. The guide, titled ‘Marketing Health Supplements, Fortified & Functional Foods in Asia: Legislation & Practice’, covers national and regional rules for health supplements, including rules for ingredients (vitamins and minerals, herbs and other functional ingredients), claims and regulatory procedures for product marketing. Visit www.eas.asia for more information.

[GeneChing]

Health Care Reform, TCM style


China Health Care Reform Spurs Rise in Traditional Chinese Medicine Shares (http://www.dailyfinance.com/story/investing/china-health-care-reform-spurs-rise-in-traditional-chinese-medic/19371130/)
By LAUREN COOPER Posted 7:00 AM 02/24/10

Shares were mixed in Asia Wednesday. In China, the Shanghai Composite Index rose 1.3% to 3,022, and in Hong Kong the Hang Seng Index fell 0.8% to 20,468. In Japan, the Nikkei 225 Index lost 1.5%, ending the day at 10,199.

Reports that China will begin public hospital reform trials sent shares of traditional Chinese medicine company Yunnan Baiyao Group surging 4.1%.

The high cost of health care is an urgent issue in China as in the U.S., but unlike America where a plan to overhaul the system must be ratified before it can be applied, in China, the government often comes up with new plans and puts them to the test in certain areas before implementing sweeping changes throughout the country. In this case, 16 cities have been selected to test reforms of government-run hospitals, according to China Daily, and if all goes well, the reforms will then spread across the country.

In a country where over-prescribing of super-strong and expensive antibiotics has got out of control, the government has structured the reforms to favor hospitals with expertise in certain areas, including traditional Chinese medicine (TCM). According to Andrei Marks, a blogger who has spent time studying the Chinese health care system, "The majority of the Chinese population seeks out TCM and the government actively promotes it and integrates it into the national health care system." The promotion of traditional Chinese medicine could help reduce medical costs. In Hong Kong, it's not unusual for Chinese to bring steaming mugs of strong, bitter tinctures to sick neighbors and friends. I myself have been on the receiving end of such a drink, and once I managed to down the murky, brown liquid, I have to admit I was better the next day!

But medicine is indispensable, and commercial drug companies also rose today: Henan Taloph Pharmaceutical jumped 3.5%, Shenzhen Neptunus Bioengineering climbed 4.1% and Hualan Biological Engineering rose 2.0%.

In Hong Kong, metals companies followed the London Metals Exchange lower. Jiangxi Copper slid 1.5% and Aluminum Corp of China, otherwise known as Chalco, slipped 0.3%.

Warren Buffett-backed BYD Co., which makes batteries and electric cars, fell 2.4% in Hong Kong. According to Bloomberg, BYD will delay the release of its electric cars until the Chinese government determines the subsidies that will be available to buyers and the safety standards that will be required. It has been reported that a limited number of BYD's vehicles will become available in the U.S. this year. Hong Kong-listed DongFeng Motor fell 2.5% and Great Wall motor rose 1.1%.

In Japan, where the government has downgraded the assessment of expected exports, in large part based on the damage the Toyota debacle has caused to the reputation of Japanese cars, today's grilling of Toyota by a U.S. Congressional panel didn't help the value of Japanese carmakers. Toyota fell 1.5%, Nissan tumbled 3.4%, Suzuki lost 1.3% and Honda dropped 0.5%. Shipping companies also closed lower: Mitsui OSK Lines tumbled 2.4% and Nippon Yusen KK fell 1.8%.

On CNBC this morning, investor Enzio von Pfeil, CEO of Economicclock.com, said, "We've kind of given up on Japan's economic prospects, to be honest with you, just because it's frankly got stuck in a rut." Like pouring salt in the wounds of a country trying to claw its way back from a lost decade.

[GeneChing]

I think the real challenge is convincing people to consume fungus growing from worm butts because some Tibetan watched some yaks bang (http://ezine.kungfumagazine.com/forum/showthread.php?t=56597).:p

Huge challenges for China in overseas TCM market (http://www.chinadaily.com.cn/bizchina/2010-03/03/content_9533024.htm)
By Hu Yang (chinadaily.com.cn)
Updated: 2010-03-03 16:48

The development of the traditional Chinese medicine (TCM) industry in China faces a huge challenge as 90 percept of the international herbal medicine market is dominated by Japan and South Korea, forcing the issue to be raised during the annual session of China's top advisory body, the Chinese People's Political Consultative Conference (CPPCC), according to qq.com, a leading portal website in China.

Wu Yiling, member of CPPCC, calls to enhance research and development of TCM and promote its industrialization in his proposal to the CPPCC. Wu is also an academician of Chinese Academy of Engineering and head of a pharmaceutical company.

The annul CPPCC session officially kicks off on Wednesday.

Japan and South Korea import herbal materials from China at low prices and process the materials with well-developed technologies.

The international herbal medicine market is developing very fast, but China, the birth place of TCM, only accounts for three to five percent of the market.

Wu lists the existing problems in China's TCM industry in his proposal, such as weak research power, inflexible system and lack of competitiveness.

He suggests improving the status quo by innovation, cultivating able talents and strengthening R&D power.

[GeneChing]

Chinese drugmaker could partner with Abbott (http://www.fiercebiotech.com/story/chinese-drugmaker-could-partner-abbott/2010-03-05)
March 5, 2010 — 11:21am ET | By Liz Jones

Hutchison China MediTech, or Chi-Med, the pharmaceutical company controlled by Hong Kong billionaire Li Ka-shing, is looking for a partner this year for its experimental treatment for a bowel disorder--and rumor has it that Abbott Laboratories may be in the mix. Chi-Med, is "very aggressively working with everyone in the gastrointestinal space" on a licensing deal, CEO Christian Hogg tells Chicago's Daily Herald. Although Hogg declined to name potential partners, Abbott and Johnson & Johnson are among companies that sell products for ailments of the digestive tract. Neither company would comment on the rumor.

A partnership with Chi-Med would offer drugmakers a way to invest further in China, where the government plans to spend $125 billion to start a national health insurance system, according to the Herald. The company, which develops drugs based on traditional Chinese medicine and botanical ingredients, also distributes pharmaceuticals in China and sells consumer-health products.

In 2009, HMPL-004 returned encouraging Phase IIb results for ulcerative colitis, according to a March 4 earnings statement. The company is now in a position to out-license HMPL-004 to a global partner for continued Phase III development and commercialization. It also had three novel, small molecule drugs emerge from pre-clinical last year. HMPL-011 is a first-in-class drug for inflammation, that was approved to enter Phase I trials in Australia. HMPL-012 and HMPL-013 are two angiogenesis inhibiting oncology drugs that are currently under IND review by the China State Food and Drug Administration. The cancer treatment market in China is believed likely to become the largest in the world over the next 20 years, according to the company.

In addition, Chi-Med plans to spin off its drug-development business within two years. And it's attracting the attention from private equity and strategic investors. A MediPharma spinoff "is something we're deeply in discussions on now. It's more likely to be an IPO. We'd be quite unique in that we'd be the first biotech IPO out of China. I imagine we'd start that process in a year or two," Hogg tells the paper.

Given the content of some of the forum posts, I imagine a few of our members could use something to cure their bowel disorders. :rolleyes:

[GeneChing]

Updated: Friday April 9, 2010 MYT 2:47:36 PM
Prices of Chinese herbs shoot up due to dry spell in China (http://thestar.com.my/news/story.asp?file=/2010/4/9/nation/20100409130135&sec=nation)
By WINNIE YEOH

GEORGE TOWN: The prices of several Chinese herbs have sky-rocketed to as much as 300% over the last six months due to the prolonged hot spell in China.

The dry weather in Sichuan, Gui Zhou, Yunnan and Guang Yi has affected the growth of the herbal plants, causing a drop in production for the worldwide market, including Malaysia.

Among those affected are Tian Qi (Panax notoginseng),which is imported from Yunnan.

It used to be sold for about RM90 per kg but has now shot up to about RM300 per kg.

Siew Seng Loong Medicine shop manager Khaw Lim Swee Nam said the prices for the herb was also changing on a daily basis.

“Tian Qi is good for blood circulation. When supply drops, its demand increases and causes the price to soar.

“Even Pu Er tea, also from Yunnan, is more expensive now. It is sold from RM50 to RM100 per block, depending on the grade, compared to RM30 to RM50 half a year ago,” he said Friday.

He added that many tea trees had dried up and it would take eight years for another plant to be fully grown.

Pak Hoe Tong Medical and Liquor shop assistant Teoh Hai Wei said the price of Tian Qi had risen dramatically as it was used to produce many types of Chinese medicine.

“It helps to lower the cholesterol and is highly beneficial for stroke, Parkinson and bypass patients,” he said.

As for cordyceps or Dong Chong Cao, the price now is RM16,000 per kg compared to RM15,000 per kg.

Teoh said the herb was imported from Sichuan and Tibet and beneficial for the lungs.

He, however, said most people don’t buy it in kilograms but only in a few grams.

Other herbs that have seen price increases in the past six months include the Jin Yin Hua (Japanese honeysuckle or Lonicera Japonica), which now costs RM200 per kg compared to RM60 per kg and Pao Shen or American Ginseng, which used to cost RM9,000 per kg, but now carries a price tag of RM13,000 per kg.

Teoh said the prices of Chinese herbs might rise further if the dry spell continued.
It's more than a dry spell. It's a full on drought. Jackie Chan has been doing charity work (http://ezine.kungfumagazine.com/forum/showpost.php?p=1004064&postcount=42) for this.
The severe drought has been plaguing Guizhou, Sichuan, Yunnan, Guangxi and Chongqing, leaving 18 million people without adequate water.

[Dale Dugas]

It seems the water that should have been there was falling in Massachusetts the last month.

We had flooding, and a record rainfall.

Let me know if you start something to raise money for them.

Ill send products and dvds.

[GeneChing]

UPDATED: August-10-2010
Exports of TCM Reach $1.46 Bln (http://bjreview.com.cn/health/txt/2010-08/10/content_289832.htm)

Exports of traditional Chinese medicine (TCM) in the global market were valued at $1.46 billion, Wang Guoqiang, director of the State Administration of TCM, said Saturday.

Wang, also vice minister of the health ministry, said the number of countries and regions which recognize the advantages and special features of TCM in treating modern diseases were on the rise and many countries were seeking cooperation with China on TCM.

Traditional Chinese medicines are mostly mixtures of a number of ingredients or medical plants such as herbs, which makes them much more difficult to explain and analyze in a quantitative sense than western drugs.

One major obstacle Chinese drug firms face when obtaining market approval in the U.S. and European countries is how to explain how traditional Chinese medicines work using a scientific language that appeals to Westerners.

China has so far signed more than 90 pacts that partially or exclusively touched on TCM cooperation with more than 70 countries and regions.
$1.46 billion USD or yuan? They are using the $ so we'll assume USD.
My other question is 'what was the value last year?'

[Lee Chiang Po]

You can buy most anything. I just sprung for a big box of acupuncture needles. Things are relatively cheap.

[GeneChing]

It's worthy of note that while here in America, we perceive Nestle as makers for the candy, baby food and dog food (http://ezine.kungfumagazine.com/forum/showthread.php?p=1184485#post1184485), they are seen differently in Asia. Remember the Chinese milk scandal around the time of the Beijing Olympics?

29 November 2012 Last updated at 01:34 ET
Nestle in Chinese medicine deal with Li Ka-Shing's firm (http://www.bbc.co.uk/news/business-20536847)
A Chinese medicine shop The market for traditional Chinese medicine has seen robust growth in recent years

Nestle, the world's biggest food group, has agreed a deal to develop treatments based on traditional Chinese medicines.

It will set up a joint venture with Hutchison China MediTech, controlled by Hong Kong billionaire Li Ka-Shing.

The deal will give Nestle access to more than 50,000 extracts used in the manufacture of Chinese medicines.

The deal comes as the global market for Chinese medicines expands. It is valued at more than $83bn (£52bn) by the World Health Organization.

In China alone, the industry produced almost $48bn worth of such medicines in 2010.

That was up almost 30% from the year before.

"We believe traditional Chinese medicine has a real potential to become part of innovative solutions," Luis Cantarell, chief executive of Nestle Health Science, was quoted as saying on a conference call by the Financial Times and the Bloomberg News agency.

The joint venture, called Nutrition Science Partners Limited (NSP), will develop and manufacture nutritional and medicinal products.

It will initially focus on developing gastro-intestinal products, but may "may in the future expand into the metabolic disease and brain health areas", Nestle said in a statement.

[GeneChing]

Unfortunately in the transfer, the formatting is lost. I replaced some of it, but I recommend reading this on the original source - follow the link.

Traditional Chinese Medicine: Business Blockbuster or False Fad? (http://knowledge.ckgsb.edu.cn/2013/01/08/china/traditional-chinese-medicine-business-blockbuster-or-false-fad/)
January 8, 2013 By David Friesen

Tong Ren Tang is a household name in China. The pharmacy specializing in traditional Chinese medicine (TCM) has been around since 1669. Legend has it that Tong Ren Tang was set up as the royal pharmacy for the palace of the Qing Dynasty. The dynasty came and went, but Tong Ren Tang withstood the test of time. In fact, today it has spread its wings beyond China to places like the United Arab Emirates, Vietnam, the Philippines, Malaysia and Australia. By 2015, it aims to open over 100 overseas stores in countries as diverse as the US and Japan. From the claims of healing herbs to pain-reducing acupuncture, TCM is steeped in historical terminology and philosophical musings. Taking a so-called holistic approach to health and wellness, TCM has long been practised in China. Today, as many companies like Tong Ren Tang are discovering, it is also big business, both in China and many Western countries. According to a 2012 report by market research organization IBISWorld, government support and increasing demand in China has driven TCM to expected revenues of $25.7 billion in 2012, up 14.8% from 2011. The industry has grown by 20% each year on average since 2007, and profitability has continued to rise as well. So what accounts for this sudden spurt in TCM’s popularity, and is it sustainable in the long run?

Marketable Medicine
There is no doubt that TCM within China is a hugely profitable business with growing industrial output. According to China’s National Bureau of Statistics, in 2011 the value of the industrial output of TCM reached RMB 418 billion, recording a year-on-year growth of 37.9%. The surprising fact, however, is that TCM is growing at a faster clip in other countries. The National Bureau of Statistics also points out that TCM exports rose in 2011, with exports to the US alone jumping by 66.3% year-on-year. It is not just Western countries that are seeing growth. Africa is now China’s largest market for the export of medical products, both TCM and otherwise, thanks to low cost. In fact, in 2011 TCM was formally introduced into South Africa’s healthcare system. Many of the large Chinese TCM companies have expanded outside of China. Apart from Tong Ren Tang, others like China Health Resource, Inc. have seen record results this year thanks to increased sales of premium TCM herbs such as its Tian Ma brand in Western countries, as well as a growth of low-cost TCM options in Africa and Asia. Much of the success of TCM in Western countries is because it is associated with wellness. It offers an alternative to supposed Western modes of thinking about treating the symptoms of disease as opposed to seeing the human body holistically. This is pushing TCM from the fringes to the mainstream in terms of demand and acceptance. Australians, for example, are spending over AUS$4 billion per year in the complementary and alternative medicine industry, some of which is on TCM. In July this year, the Chinese Medicine National Registration Board began to officially register Chinese Medicine practitioners nationwide in Australia. In fact, TCM marketing has become a business in itself, with a number of companies now dedicated to providing marketing solutions for individual TCM practitioners and TCM companies. “There is potential in all areas of Chinese medicine, from the herbs and acupuncture to health preservation and wellness. The ideas of Chinese medicine can be used as a format for understanding the human body to design wellness plans and treatments,” says Alex Tan, a qualified TCM practitioner and educator from Australia who founded the Straight Bamboo TCM Clinic in Beijing. Tan thinks that aside from his firm belief that TCM really can improve health and wellness, TCM has appeal because of its cost-effectiveness. “TCM (is a) low-technology, low-cost approach. Most of the developing world cannot afford Western medicine purely because of the cost. These countries can use the methodology of Chinese medicine to diagnose and then use local herbs or acupuncture pins which are cheap to treat patients,” says Tan. This is not always the case in developed countries, however. “Due to the National Health Service in the UK, TCM does not enjoy any economic advantage and is seen as quite expensive. A typical consultation with a Chinese doctor in the UK can cost up to £50 before any charges for medicine are added,” says Mike Bastin, Visiting Academic at Tsinghua University and researcher at Nottingham University’s School of Contemporary Chinese Studies. The potential economic benefits of TCM are also attracting large pharmaceutical companies, as they begin to research ways of using TCM. Britain’s biggest drug maker, GlaxoSmithKline, has set up a number of research labs in China that are looking at ways of developing TCM. The company has created a Discovery Performance Unit that will integrate traditional Chinese medicine with modern drug discovery.

Economics over Evidence
Despite the economic success of TCM in recent years,TCM also has its share of problems. Although qualifications and regulations are growing and advocates strongly recommend that those offering such services be fully qualified and appropriately registered, the industry is still fragmented in terms of regulation and quality. For example, the USFDA has struggled to regulate herbal medicines, as it has often seen herbs as ‘not drugs’, thereby leaving them almost completely unregulated. Herbs are classified as dietary supplements, leaving the FDA with no power under federal law to regulate these products in the same way as drugs. This is not to say that the FDA could not approve certain TCM products. In fact, the Dantonic pill by TCM manufacturer Tasly, used to treat angina and heart disease and approved by drug watchdogs in Canada, Russia, the Republic of Korea, Vietnam, Singapore and some African countries, is currently in Phase III trials to become the first USFDA-approved TCM product in the US. Of course, such legitimacy is not always sought, given the lack of regulation of herbal products. However, the European Union (EU) has been stricter. In May 2011, all unauthorized TCM products were pulled from shelves in the EU. This followed a directive in 2004 that gave a seven-year grace period to manufacturers of herbal medicines to register their brands. No Chinese TCM producers were able to obtain a license due to high costs and difficulties meeting the EU’s stringent criteria. This has changed recently however, with SU BioMedicine BV successfully registering the Diao Xin Xue Kang capsules, the first Chinese medicine in the Netherlands this year. Whilst it is clear that herbal TCM has some promise because many herbs do, in fact, have active ingredients, the products approved are so far the exceptions in terms of regulation and stringent testing. Although most practitioners seemingly welcome further research, this belies the fact that extensive research in many areas has already been carried out. Also, in areas where further research is needed to potentially prove efficacy and mechanisms of action for treatments such as herbs or acupuncture, treatment still continues. This is generally a reversal of the usual methodology of science-based medicine, where efficacy and significant understanding is needed before treatment is prescribed. Take acupuncture, for example. The well regarded website Science-Based Medicine gives an excellent overview of the efficacy of acupuncture. In summary, there appears to be no plausible mechanism for acupuncture, and most of the evidence supporting acupuncture, of which there is, in fact, very little if any, is generally not scientifically rigorous. A large majority of acupuncture studies showing any sort of positive effect have come out of China and have not been properly peer-reviewed or shown to be scientifically rigorous. And although major manufacturers do at least have quality controls in place, outside of this there is a worrying lack of quality control and regulation. For example, an Australian-led group of scientists found traces of endangered species, as well as potential toxins and allergens in traditional Chinese medicines that were confiscated from overseas travellers. They performed ‘second generation DNA sequencing’ on 15 samples, and found traces of animals including Asiatic black bear and the saiga antelope. “There’s absolutely no honesty in the labelling of these products. What they declare is completely at odds with what’s in there,” says Mike Bunce, a geneticist at Murdoch University near Perth, Australia, who led the study, in a comment to the journal Nature. These concerns do not appear to be harming the TCM business as of yet though. Marketing that plays to today’s consumers regarding health and wellness, as well as the logical fallacy that just because something is ancient and has a long history means it must work, will continue to attract people to TCM. Combined with consumers’ frustration with what they see as the problems of Western medicine, the rise of TCM is likely to continue. However, without addressing many of these concerns and really putting money into rigorous research, the economics of TCM will surely be overtaken by the weight of evidence in the long-term.

[Dale Dugas]

Thanks for posting that up.

Decent article.

[mawali]

A pharma company that I worked for used synthetic artemisin (wormwood) to combat malaria and it worked reasonably well. The problem was that it showed too many adverse effects in healthy subjects that it was discontinued.

More western pharma companies are attempting to go back to some 'old world' products to upregulate their bottom line, which is good in one way but same companies try to prevent local companies (at least Indai) from developing their own usage of the product.

See the Neem vs Monsanto debacle
http://www.france24.com/en/20110921-india-monsanto-gmo-brinjal-bio-piracy-biopiracy-steal-seeds-terminator-cotton-onion-melon-debt-suicide

[RAF]

In a study by Lomuscio, patients were given Acupuncture after a Cardioversion. Specific needle points were identified. 80 patients with persistent A-Fib were randomized into four groups: Acupuncture, Sham Acupuncture, Amiodarone and No Treatment. The patients receiving Acupuncture or Sham Acupuncture had 10 sessions of 15-20 minutes weekly starting within 48 hours of cardioversion.

The most freedom from recurrence occurred with the Amiodarone group. The Acupuncture group came in second but approximated the results of the Amiodarone group.

The No Treatment group had significantly more recurrence, while the Sham Acupuncture group had the worst recurrence rate.

Acupuncture, though not quite as effective as Amiodarone, might be a welcome option for patients who can’t tolerate or don’t want to risk the toxic side effects of Amiodarone. Cardioversion has a notoriously high recurrence rate.

“50 to 75 percent of patients eventually develop Atrial Fibrillation again.” 1 Ten weekly Acupuncture sessions seems a small price to pay to avoid going back into A-Fib.

But one surprising result of this study was the poor results of the Sham Acupuncture group. One would expect a placebo effect from these ten Sham Acupunctures. But instead the misdirected Acupuncture needle *****s produced more recurrence than No Treatment.

The lesson to be learned is for patients to make sure their Acupuncturist knows what spots to hit and has a proven track record in treating A-Fib. Unfortunately these Acupuncturists are hard to find.

(Lomuscle A et al. J Cardiovasc Electrophysiol 2011; 22: 241-7)

[GeneChing]

Eu Yan Sang was what launched this discussion.



Traditional medicine brand breaking into world market (http://www.chinadaily.com.cn/sunday/2013-09/22/content_16983302.htm)
Updated: 2013-09-22 08:00
By Xu Xiao (China Daily)

http://www.chinadaily.com.cn/sunday/img/attachement/jpg/site1/20130922/00221917e13e13a88df435.jpg
Eu Yan Sang's outlet on Russell Street in Hong Kong. Photos Provided to China Daily

http://www.chinadaily.com.cn/sunday/img/attachement/jpg/site1/20130922/00221917e13e13a88e1736.jpg
http://www.chinadaily.com.cn/sunday/img/attachement/jpg/site1/20130922/00221917e13e13a88e2c38.jpg
The time-honored traditional Chinese medicine brand Eu Yan Sang is set on becoming a leader in the global healthcare industry, company Chairman Richard Eu said.

An old Chinese saying goes: "Great men's sons seldom do well". However, the Eu family empire has been passed on through four generations, and the company is still going strong.

In the 1870s, Eu Tong Sen, Richard Eu's great-grandfather, was the Foshan-born owner of a tin ore mine. He provided his opium-addicted workers traditional Chinese medicine and healthcare.

Gradually he found business opportunities in the field of Chinese medicine and established the Eu Yan Sang brand in 1879. Eu is the family name and has remained part of the trademark of the business over generations, while Yan Sang stands for caring and charity in the Chinese language.

When control over the company passed to Richard Eu in 1989, it was just a small chain store, Eu said. At the time it had one outlet in Singapore, one in Hong Kong and five in Malaysia.

Richard found that the only business in the Eu family's empire that carries the family name still had a lot potential to be explored so he decided to take over the company.

The ambitious young man had a comprehensive educational background and extensive work experience. He had a law degree from London University and formerly worked as a banker, a stockbroker, a computer retailer and luxury goods seller.

The first obstacle he had to overcome after taking over the business was how to deal with jealous relatives, who sold their shares in the company.

Rather than viewing this as a setback, Eu used it as an opportunity to purchase back the other stocks shares and integrate the brand as a whole.

By the time the company was listed in 2000, the number of its chain stores had grown to 52.

Fast development has taken place since 1997 despite various risks, including the world financial crisis that broke out in 2008.

Richard said an important reason for Eu Yan Sang's growth during the financial crisis is attributable to the inelastic demand in the healthcare industry.

In healthcare, demand remains constant despite macroeconomic conditions.

"It was the combination of luck and planning," he recalled.

"We learned what is right at the right time (through our expansion from 2003 to 2008)."

The core competitiveness of the brand comes from "its constant pursuit of innovation", Richard said.

Now Eu Yan Sang has more than 300 chain stores and 27 clinics across the globe. In Singapore alone, it has 23.

He said branding is very important for them. In some places of the world, Eu Yan Sang is already a household name, especially for its infant healthcare products.

Industry image

Despite the success of Eu Yan Sang, traditional Chinese medicine still suffers from an image problem in some parts of the world due to an insufficient understanding of the practices involved, Eu said.

He said Western people are confused about traditional Chinese medicine. They hear that some materials are from tigers or bears, which sounds sensational and cruel.

He told reporters that the foremost thing to do is to let more people know what traditional Chinese medicine really is. He said it is not witch doctors making strange potions but rather a type of folk wisdom that has been passed from generation to generation.

He suggested two ways to improve the public image of traditional Chinese medicine.

The first is to strengthen corporate governance and the second is to focus on transparency.

Both require a consistent industry standard, he added.

All of Eu Yan Sang's stores and clinics are directly operated by the company, enabling them to be managed under the same standard.

Chinese entrepreneurs

Richard Eu has his own understanding of what it means to be a successful Chinese entrepreneur.

In Thailand, Chinese entrepreneurs blend in well with local businesspeople, thus it is difficult to tell the difference.

However in Indonesia, the group accounts for a small percentage -about 5 percent. As a minority in these regions, they should be more careful in dealing with local communities, he said.

The situation is different in some Western countries, especially the US and Canada, where quite a lot of Chinese entrepreneurs have been successful.

Eu said these countries have a more open and tolerant culture. Even as a minority, Chinese are getting more and more recognition.

He went on to say that no matter which country or culture Chinese entrepreneurs are doing business in, they should be careful about being a part of the local society.

"Be mindful to avoid being alienated due to cultural differences," he suggested.

"You should find the balance between your own Chinese ethical values and the national culture of the country you are doing business in," he added.

Social responsibility

Though he has received several awards in the industry, Eu keeps a low profile.

"The awards represent many people behind you," he said. "I'm not keen about individual honor."

"As a leader, you are not only responsible to your shareholders but also to the customers, suppliers, government agencies and media," he said.

He said the responsibility of a company is giving back to society.

"I've kept asking my staff to care about the minority groups. Though you may not have money, you can still donate your time," he said.

He noted that his ambition is to help Eu Yan Sang gain more recognition as a leader of the industry.

He aims to triple the current size of the company to expand business to the Chinese mainland and many other places both in the East and West.

Eu said he also wants to raise health awareness by encouraging people to pay more attention to prevention rather than waiting to get sick before visiting the doctor.

"An environmentally friendly and natural lifestyle is the most important," he concluded. He said he hopes his successors can adapt to changing situations because change and innovation maintain the vitality of a brand.

xuxiao@chinadaily.com.cn

[MarathonTmatt]

Good to see traditional Chinese Medicine being marketed globally, from what seems to be sound, natural (traditional) methods.
With the utmost respect to your posting, sir, I would like to point out that Native American medicine has silently played a big role in the development of Western medicines. From the earliest accounts of settlers there are First Nation's people sharing teas/ tonics and root medicine with the settler's. In fact, things like today's Advil and Tylenol were originally taken from recipes & ingredients used by Native people- today they have been altered of course, and the white man runs a monopoly on these medicines, they were stolen concepts from us. Also sassafras root was the original inspiration for root beer, which is also good medicine in small doses, which again, was a First Nations tonic. Anybody reading this with diabetes should steep a small amount of skunk cabbage root in a boiling pot of water and have a spoonful or 2 of that tonic every day for 2 months- that again is a North Eastern American Indian tonic.
Not only that, but 3/5 of the western world's food supply is Native American in origin- it was this fact plus the gold found here that got Europe out of the dark ages. That, and all the other natural resources too numerous to list found on Native land. A lot of today's quarrying sites for example, were opened in areas originally with large amounts of Native stone-work (sometimes on top of the old NDN quarry sites). In pre-Colombian America the Incas practiced brain surgery. No barbaric white man was doing this at the time. Also when the Spanish saw the Mayan's performing open heart surgery, they couldn't comprehend it and mistook it for sacrifice.
What does this have to do with Kung Fu? Nothing, really!!
But it is the TCM thread. I hope my article was educational and interesting. I could use some Chinese herbs and American Indian herbs together, or side by side, and it would be like the same concept, is sort of what I am saying, but most people don't know the story of American Indian medicines or that some of the modern western medicine has it's roots in it.

[breeze]

This sounds really interesting and i would like to learn more about it. Could you name any links to interesting reliable information about Traditional Native American Medicine ?

[breeze]

Eu Yan Sang was what launched this discussion.

Can anyone share some information about Shaolin Temple's sales of medical products ?

[GeneChing]

Bayer buys Dihon to add traditional Chinese medicine (http://www.reuters.com/article/2014/02/27/us-dihon-bayer-idUSBREA1Q0LO20140227)
By Ludwig Burger
FRANKFURT Thu Feb 27, 2014 9:13am EST

(Reuters) - Bayer said it would buy privately held Dihon Pharmaceutical Group Co, a maker of traditional herbal Chinese medicines (TCM), as the German drugmaker pushes to become the world's largest non-prescription medicines group.

With China's healthcare spending forecast to nearly triple to $1 trillion by 2020 from $357 billion in 2011, according to consulting firm McKinsey, the country is a magnet for makers of medicines and medical equipment, but many patients remain strongly attached to traditional approaches.

"What's growing the most within Chinese healthcare is traditional medicine. It's a strong part of their culture," said Lilian Montero, a healthcare analyst at Swiss bank Julius Baer.

"Local companies tend to show superior growth in emerging markets. It's a good move from that point of view."

Dihon has about 2,400 employees and generated sales of 123 million euros ($168 million) in 2013, Bayer said on Thursday.

It declined to provide the financial terms of the deal but brokerage M.M. Warburg estimated it was worth about 500 million euros ($680 million).

Even though TCM is winning a following in some urban communities in the West, Bayer said it was too early to say whether Dihon products would be exported to Germany or Europe.

"It's less likely that these products will move to the West," said Julius Baer's Montero. "You would need a lot more medical training and education, otherwise it will stay a niche market like homeopathy."

Dihon's products include dandruff treatments, antifungal creams and medicine against gynecological conditions such as endometriosis.

The deal, which could help Bayer challenge Johnson & Johnson to the No. 1 spot in the over-the-counter (OTC) market, underscores its push into herbal medicine after it bought smaller German supplier Steigerwald last year.

The fragmented OTC market is gearing up for more consolidation, with Merck & Co Inc's consumer healthcare business drawing interest from Bayer and Novartis.

China is of particular focus for deal-hungry international healthcare firms. Pharmacy chain Alliance Boots plans to take a 12 percent stake in distributor Nanjing Pharmaceutical Co Ltd, while Medtronic Inc purchased China Kanghui Holdings in 2012.

But doing business in the world's most populous country is not without risk. China's regulators have been investigating several foreign and domestic drug companies on suspicion of bribery, with the most high-profile investigation involving Britain's GlaxoSmithKline.

The country's consumer health and wellness market is expect to hit almost $70 billion by 2020 as increasing numbers of consumers turn to health supplements and OTC health treatments, according to a recent report from Boston Consulting Group.

The OTC market alone was worth $18 billion and is estimated to grow at a rate of around 8 percent per year, the report said.

The Dihon deal is to close in the second half of 2014, Bayer said. Interesting....

[GeneChing]

Sales must be good with them. There's a vid if you follow the link.


6,400 Chinese employees treated to record breaking French holiday (http://www.euronews.com/2015/05/09/6400-chinese-employees-treated-to-record-breaking-french-holiday/)
09/05 16:47 CET

A Chinese company has taken 6,400 employees on a four day record breaking trip to France.

They rounded off the adventure by creating the world’s longest human made phrase.

Wearing sun hats in different colours, the workers from Tiens Group lined up to spell the words:

“Tiens’ dream is Nice in the Cote d’Azur.”

The message, which was visible from the sky, broke a Guinness World Record.

Li Jinyuan founded the Tianjin based conglomerate 20-years-ago, starting with the sale of Traditional Chinese Medicine (TCM) as well as calcium tablets and instant coffee.

He was listed on the 2011 Forbes list of world’s billionaires.

Li said “We chose Nice because it is the most beautiful city in the world. And for Chinese, to be between mountains and the sea is incredible. This is why we have invited our best employees for this trip.”

The group had earlier visited Paris where they booked up 140 hotels and were given private access to the Louvre.

According to Le Parisian newspaper they made purchases estimated at around 13 million euros, partly on luxury goods.

Li met the French Foreign Minister Laurent Fabius.

The cult of personality surrounding the Tiens chairman was clear as he drove the length of the Promenade des Anglais in a World War Two Jeep.

[GeneChing]

I'm amused that this is categorized under 'entertainment' instead of 'health'. :rolleyes:


Desmond Tan is out to make TCM sexy (http://www.todayonline.com/entertainment/television/desmond-tan-out-make-tcm-sexy)

http://www.todayonline.com/sites/default/files/styles/photo_gallery_image_lightbox/public/photos/43_images/24709949.jpg?itok=lpizKE7y
Desmond Tan weighs in on how he thinks he can make Traditional Chinese Medicine sexy. Photo: May Seah
He’s taking his role as a traditional Chinese medicine practitioner very seriously

BY MAY SEAH
may@mediacorp.com.sgPUBLISHED: 4:15 AM, JANUARY 13, 2016

SINGAPORE — We’re not sure how far we would trust Desmond Tan with our lives, but we’ll say one thing about him: The guy can make it look like he knows what he’s doing. Even if he doesn’t.

That skill comes in handy for his role as a traditional Chinese medicine (TCM) practitioner in the upcoming long-form half-hour series Peace And Prosperity on Mediacorp TV Channel 8.

Production for the show will commence this month, and it also stars Xiang Yun as the matriarch of a family that runs a Chinese medicine practice. Her six daughters give her almost as much grief as her lack of sons does.

Tan, who plays the young, hotshot doctor employed at the practice, had received a crash course in all things TCM at a medical hall in Toa Payoh, alongside co-stars Belinda Lee and Dawn Yeoh. It included shaving an antelope’s horns, and packing and weighing herbs with a traditional hand-held scale. He was also instructed on how to perform cupping and acupuncture procedures.

“The hardest part is to look like a pro doing it,” he quipped. “I’m very afraid of needles, so I was trying very hard to look cool.”

Yes, Tan knows that in matters of utmost importance, style is the vital thing. That’s why he asked the production team to let him wear a pouch on his side, from which he can take his lighter out easily, “do a swirl, and put it back, like a cowboy”.

He’s making sure his character has all the right moves. “Even packing and talking about medicine can be very cool. And if you can make it impressive, more guys will want to practice TCM to woo the girls,” he declared. “It can be a good pick-up line, right? I’ll just look at you and say, ‘Judging by your skin tone, I know you’re not sleeping enough. I believe that taking medicine A, B and T will help you a lot. If you want to find out more, come to my place and I can tell you more about it’.”

So, can Tan make TCM cool? “I always hope I can make things cool,” he said. “When I was playing a barista (in 96C Cafe), I hoped to raise the profile of coffee culture in Singapore. For this — I hope I can make it sexy as well, because the thing about TCM is that youngsters don’t know much about it.

“So, I hope that through this show, people will know more about TCM and its benefits.”

[GeneChing]

Expanding interest in traditional Chinese medicine could boost demand for U.S.-grown herbs (http://www.whig.com/article/20160117/ARTICLE/301179982)
By Deborah Gertz Husar Herald-Whig
Posted: Jan. 17, 2016 12:01 am

Expanding interest in traditional Chinese medicine in the United States is fostering a potentially lucrative new niche market for farmers who plant the varieties of herbs, flowers and trees sought by practitioners.
While almost all practitioners still rely on imports from China, the Associated Press reports dwindling wild stands there, as well as quality and safety concerns, could drive up demand for herbs grown in the U.S. Several states have set up "growing groups" to help farmers establish trial stands of the most popular plants.
Jean Giblette, a researcher who established New York's group, said it could be a moneymaker. She estimates the market for domestically grown medicinal plants to be $200 million to $300 million a year.
Traditional Chinese medicine is gaining mainstream acceptance in the U.S. with 30,000 licensed practitioners across the country.
Giblette and Peg Schafer, an herb grower in Petaluma, Calif., compiled a list of marketable species for U.S. farmers. They include Angelica dahurica, a flowering perennial whose root is used to relive pain and inflammation; Aster tataricus, a relative of garden asters said to have anti-bacterial properties; Mentha haplocalyx, a mint used for stomach ailments; and Salvia miltiorrhiza, a type of sage whose roots are used for treatment of cardiovascular diseases.
Market research shows high demand and low supply.
"The current herbs from China are not of the quality they once were, and U.S. practitioners indicate they are willing to pay a premium price for herbs grown with organic principles, locally, with high efficacy," said Rob Glenn, chairman of the nonprofit Blue Ridge Center for Chinese Medicine in Pilot, Va.

Good point, although Giblette and Schafer clearly have a marketing agenda. Here's Schafer's site: Chinese Medicinal Herb Farm (http://www.chinesemedicinalherbfarm.com/index.html)

[GeneChing]

More on Tong Ren Tang earlier on this thread (http://www.kungfumagazine.com/forum/showthread.php?55121-TCM-sales&p=1205280#post1205280).


Traditional Chinese Medicine Retailer Accelerates Overseas Expansion (http://www.chinaretailnews.com/2016/02/15/8240-traditional-chinese-medicine-retailer-accelerates-overseas-expansion/)

http://www.chinaretailnews.com/wp-content/uploads/tcm.jpg

FEBRUARY 15, 2016
The time-honored traditional Chinese medicine brand Tong Ren Tang says it accelerated its overseas expansion and opened nine new stores in the overseas market in 2015.

In reporting the company's results for last year, the company says it has developed 31 branches in 25 countries and regions outside China, operating 115 retail sites, traditional Chinese medicine clinics, and traditional Chinese medicine health centers. It served over 30 million patients in those countries and regions.

Mei Qun, chairman of Beijing Tong Ren Tang Group, said that based on the planning of Tong Ren Tang, its international development is divided into three steps. In 1993, the group started its overseas development in Hong Kong; in 2003, they established Beijing Tong Ren Tang International Co., Ltd. in Hong Kong; and in 2013, Beijing Tong Ren Tang Chinese Medicine Co., Ltd. was successfully listed in Hong Kong and started developing in major European markets.

Ding Yongling, deputy general manager of Beijing Tong Ren Tang Group, said that in 2015, the group opened nine new stores in six countries and regions, including Hong Kong, Germany, United Arab Emirates, New Zealand, Sweden, and the Czech Republic. Apart from Chinese medicine stores, the group also developed Chinese medicine clinics and health centers in foreign countries.

And here is TRT's official English website (http://www.tongrentang.com/en/index.php).

[GeneChing]

Traditional Chinese medicine closes in on US$50 billion market with long-awaited nod from WHO (https://www.scmp.com/news/china/society/article/2166278/traditional-chinese-medicine-closes-us50-billion-market-long)
The World Health Organisation is including a chapter on China’s ancient medicine programme in its influential book classifying thousands of diseases
PUBLISHED : Saturday, 29 September, 2018, 3:33am
UPDATED : Saturday, 29 September, 2018, 11:24pm
Zhuang Pinghui

https://cdn2.i-scmp.com/sites/default/files/styles/980x551/public/images/methode/2018/09/29/c9a10c10-c2d5-11e8-bfc4-8898d3e518ea_1280x720_203310.jpg?itok=k35R80cs

When Chinese President Xi Jinping gave the World Health Organisation a bronze statue last year showing acupuncture points on the body, the move was widely seen as an expression of Beijing’s ambition to win global acceptance for traditional Chinese medicine (TCM).

TCM, which originated in ancient China and has evolved over the years, is set to receive its first-ever official endorsement from the WHO next May at the World Health Assembly when the international public health agency dedicates a chapter to it in its 11th version of the “International Statistical Classification of Diseases and Related Health Problems”.

A classification system on traditional medicine will be featured in Chapter 26 of the work, which provides a system of diagnostic codes for classifying thousands of diseases, according to a report published this week in the British scientific journal Nature.

https://cdn4.i-scmp.com/sites/default/files/images/methode/2018/09/29/c5010912-c2d5-11e8-bfc4-8898d3e518ea_1320x770_203310.jpg
Workers prepare remedies at Capital Medical University’s TCM hospital in Beijing. Photo: Reuters

Although the safety and effectiveness of TCM is still controversial in China – of 1.57 million adverse drug reactions and incidents in the country last year, 16.1 per cent were related to traditional Chinese medicine – the government has set a national strategy for TCM development.

It wants to see TCM theory and practice win greater acceptance in world medical circles so it can claim a share of the US$50 billion global medicine market.

On that note, Beijing is establishing 30 overseas TCM centres in countries along the route of its massive infrastructure plan, the “Belt and Road Initiative”.

By 2020, the government also seeks to register 100 TCM products and set up 50 international TCM cooperation model centres.

As TCM acquires legal status from Belt and Road countries, it is expected to evolve into a booming industry by 2030, according to the plan.

https://cdn1.i-scmp.com/sites/default/files/images/methode/2018/09/29/c54f5626-c2d5-11e8-bfc4-8898d3e518ea_1320x770_203310.jpg
A therapist applies a moxibustion treatment – burning dried mugwort on points on the body – on a patient in Yiwu, Zhejiang province. Photo: Reuters

A State Council white paper in 2016 said TCM was being practised globally in 183 countries and regions.

Although Xi presented WHO officials with the acupuncture statue just last year, the agency’s increasing appreciation of China’s ancient style of medicine has been at least a decade in the making.

In the past, TCM experts from Shanghai have visited WHO headquarters in Geneva, Switzerland to lobby officials to include TCM in the disease classification code book, which has its roots in the early 20th century. The effort had to contend with negative claims by critics that TCM was a backwards approach to wellness and was hardly science.

Cui Yongqiang, a professor at the Guanganmen Hospital of Traditional Chinese Medicine, affiliated with the China Academy of Chinese Medical Sciences, said receiving recognition from WHO would set standards for TCM while spurring its modernisation.


“Traditional Chinese medicine can’t develop by itself,” Cui said. “It needs to be evolved and integrated with Western medicine to make it more effective and accepted by a wider audience.”

But getting the nod from WHO still left TCM a long way from winning over drug regulators in different countries, Cui said. Regulatory bodies will demand that TCM drugs, for instance, be evaluated within the framework of Western medicine.

Tian Kan, a Nanjing University professor of Chinese medicine, said winning acceptance from the WHO might help spread the practice of TCM worldwide, but does not guarantee that non-believers can be converted to TCM users.

“The spread of TCM in the Western world does not rely on being recognised by local drug regulators but on the experience and recommendations of patients,” Tian said.

follow the money...:rolleyes:

[GeneChing]

Chinese Traditional Medicine Market Is Booming Worldwide | Medical Qigong Centre & Acupuncture Clinic, ICTCM House, ACTCM, NZ Chinese Medicine & Acupuncture Society, Misha Ruth Cohen and more (https://znewsafrica.com/news/91911/chinese-traditional-medicine-market-is-booming-worldwide-medical-qigong-centre-acupuncture-clinic-ictcm-house-actcm-nz-chinese-medicine-acupuncture-society-misha-ruth-cohen-and-more/)
February 22, 2022
https://businessresearchreport.files.wordpress.com/2019/09/1.pngt

According to Qurate Research’s research experts, “Global Chinese Traditional Medicine Market 2022 Insights, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028.” The study is an anthology of in-depth research studies on many aspects of the global Chinese Traditional Medicine industry. It is an admirable effort to offer a true, transparent picture of the current and future conditions of the global Chinese Traditional Medicine market, based on credible facts and exceptionally accurate data.

“Global Chinese Traditional Medicine Market Insights, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028,” according to a Qurate Research report. Several in-depth research studies on various facets of the worldwide Chinese Traditional Medicine market are included in the report. It’s a commendable effort to present a true, transparent view of the existing and future situations of the worldwide Chinese Traditional Medicine market, based on reliable facts and extraordinarily precise statistics.

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Key players Profiled In This Report Are:

Medical Qigong Centre & Acupuncture Clinic
ICTCM House
ACTCM
NZ Chinese Medicine & Acupuncture Society
Misha Ruth Cohen
Dublin Chinese Medicine Clinic
Sacred Lotus
ChinaMed Charlottesville
Healthy Lifestyle Brands, LLC.
TCM Australia

Key Market Segmentation of Chinese Traditional Medicine:

On the basis of types, the Chinese Traditional Medicine market from 2015 to 2025 is primarily split into:

Acupuncture
Cupping Therapy
Herbal Medicine
Moxibustion
Aroma Therapy
Compounding Therapy
Magneto Therapy
Others

On the basis of applications, the Chinese Traditional Medicine market from 2015 to 2025 covers:

Relaxation
Insomnia
Pain management
Skin and hair care
Scar management
Cold and cough
Cancer treatment
Others

Scope of the Chinese Traditional Medicine Market Report:
The research examines the key players in the global Chinese Traditional Medicine market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments, and other factors. It also sheds light on the vendor landscape, helping players to foresee future competitive movements in the global Chinese Traditional Medicine business.

This study estimates the market size in terms of both value (millions of dollars) and volume (millions of units) (K Units). Both top-down and bottom-up techniques were used to estimate and validate the market size of the Chinese Traditional Medicine market, as well as the size of various other dependent submarkets in the overall market. To identify important market participants, secondary research was utilized, and primary and secondary research was employed to determine their market shares. All percentage share splits and breakdowns were calculated using secondary sources and verified sources.

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The COVID-19 pandemic has had a major influence on the Chinese Traditional Medicine industry. In the second quarter, the sector exhibited indications of recovery around the world, but long-term recovery remains a concern as COVID-19 cases continue to rise, particularly in Asian countries like India.Since the pandemic began, the sector has been handed a series of setbacks and surprises. As a result of the epidemic, many changes in buyer behavior and thinking have occurred. As a result, the industry is being strained even further. As a result, the market’s expansion is anticipated to be constrained.

Chinese Traditional Medicine Market Region Mainly Focusing:
— Europe Chinese Traditional Medicine Market (Austria, France, Finland, Switzerland, Italy, Germany, Netherlands, Poland, Russia, Spain, Sweden, Turkey, UK),
— Asia-Pacific and Australia Chinese Traditional Medicine Market (China, South Korea, Thailand, India, Vietnam, Malaysia, Indonesia, and Japan),
— The Middle East and Africa Chinese Traditional Medicine Market (Saudi Arabia, South Africa, Egypt, Morocco, and Nigeria),
— Latin America/South America Chinese Traditional Medicine Market (Brazil and Argentina), — North America Chinese Traditional Medicine Market (Canada, Mexico, and The USA)

Free Sample Report from Qurate Research includes: FREE PDF SAMPLE
1) Introduction, Overview, and In-Depth Industry Analysis for the 2021 Updated Report
2) Impact Analysis of the COVID-19 Pandemic Outbreak
3) A Research Report of 205+ Pages
4) On request, provide chapter-by-chapter assistance.
5) Regional Analysis Updated for 2021 with Graphical Representation of Size, Share, and Trends
6) Includes a list of tables and figures that has been updated.
7) The report has been updated to include top market players’ business strategies, sales volume, and revenue analysis.
8) Facts and Factors Methodology for Research

The major questions answered in this report are:
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• What are the main causes fueling the Chinese Traditional Medicine Market’s expansion?
• What are the Chinese Traditional Medicine Market’s predicted market size and growth rate?
• Who are the leading companies in the Chinese Traditional Medicine Market?
• What market segments do Chinese Traditional Medicine Market cover?

Table of Contents:

Chapter 1 Introduction to Chinese Traditional Medicine Market
Chapter 2 Executive
2.1 Chinese Traditional Medicine Market 3600 synopsis, 2018 – 2028
2.1.1 Industry Trends
2.1.2 Material Trends
2.1.3 Product Trends
2.1.4 Operation Trends
2.1.5 Distribution Channel Trends
2.1.6 Regional Trends

Chapter 3 Chinese Traditional Medicine Market Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.2.1 Component Suppliers
3.2.2 Producers
3.2.3 Profit margin analysis
3.2.4 Distribution channel analysis
3.2.5 COVID-19 impact on the Market value chain
3.2.6 Vendor Analysis
3.3 Technology Landscape
3.4 Regulatory landscape
3.4.1 North America
3.4.2 Europe
3.4.3 Asia Pacific
3.4.4 Latin America
3.4.5 Middle East and Africa
3.5 Pricing analysis (including COVID-19 impact)
3.5.1 By region
3.5.1.1 North America
3.5.1.2 Europe
3.5.1.3 Asia Pacific
3.5.1.4 Latin America
3.5.1.5 Middle East and Africa
3.5.2 Cost structure analysis
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.2 Industry drawbacks & challenges
3.6.2.1 Focus on reducing weight
3.7 Innovation & sustainability
3.8 Growth potential analysis, 2020
3.9 Competitive landscape, 2020
3.9.1 Company market share
3.9.2 Major stakeholders
3.9.3 Strategy dashboard
3.10 Porter’s analysis
3.11 PESTLE analysis

Chapter 4 Disclaimer

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Ph: US – +13393375221 Didn't read the report in full but I found this to be an index of interest.