SCln has had marketing approval in countries other than China. Yet China accounts for nearly all of their sales. Is the company pursuing these countries where they ALREADY HAVE marketing approval? How about wealthy Italy? I believe marketing approval happened some time ago there. Sure, China has lots of people, but the average income is very low.
It takes time to penetrate a drug into market (just remember that in many other bio's, where they look for US FDA, and don't even dream on building a marketing force). SciClone has it already, and enhances it worldwide. China is one of the earliest, thus most sales are from there. About average: you know people can drown in a pool with average 20 inches deep... I assume the (small) amount of welthy people in China is bigger than all Italy. Numbers in China are out of this world. Not all sales come from there, most! and its % from total is declining. 85% is the number I have regarding 99Q3. Be happy to see new released marketing data (if not company confidential). Partnerships with Schering-Plough in Japan & Sigma-Tau in europe are primarily to address these marketing issues.
You're absolutely right regarding the numbers in China. Out of 1.2 billion people they have an upper income class of around 100 million that is continuing to expand quite rapidly. This does put the Chinese eligible market in the comparable class of a large country.
Another thing we can't forget is that some government sponsored medical services will also pay for some treatments in the general population.
Anything that is marketed in China simply has huge consequences because of the sheer numbers that country has. Plus, China is in the midst of an economic explosion which will only increase the marekting prospects and revenue for SciClone.
for all those on the omnifactor, we've got the MD factor, lighten up this is a great buy we'll be laughing all the way to the bank after the NCAA i see Md into the final 8 so keep buying!!! you have your TA ihave my MD whatever works stop and enjoy SCln is a slam dunk
I do hold SCLN, And we may make money, Big $$? but, If you are rich or poor , Their drug should go to anyone in need. HELL if it will make 1 or 2 people feel better i will sleep good, Dont care if stock price goes to 0000