China's long-awaited reform plan for its failing healthcare system will be released in March shortly after the top legislature's annual session, said Health Minister Chen Zhu.
The plan has almost been completed and the ministry is still soliciting opinions from experts and other departments, Chen was quoted by Friday's Modern Express, based in East China's Jiangsu Province, as saying.
The plan covers four aspects of the medical system: public health care, medical treatment, medical insurance and supply of medicines, he said at a meeting held on Thursday in Jiangsu.
The minister, also a renowned molecular biologist, called on doctors to improve their professional ethics. "Doctors shall not act as puppets of big pharmaceutical companies," he said.
You shouldn't follow anyone's advice (or pumpers or bashes). I am not even a "common technician" if you meant to insult me. (See? now you feel better and superior already!)
Again, I have nothing against WX. Just want to counter and damp the hypes a bit. I short when I see opportunity and I cover when the trend temporarily changes, and will short again if oppt. presents thyself.
To answer another poster's question, I do think the upside of outsourcing and contrast development companies' future is limited. I would like to WX to use the windfall it got from IPO to dig in and actually develop itself into somewhat of a genetek, pfeizer, and alike. One can not hype itself into that league....
Good luck to you all.
That's good for them. I manufacturing drug will make it better. But I think WX is currently overpriced.
Very tempting to short again this AM, but got another good short candidate. So the price drop was not caused by me today :)
As for Dr. Li, no, dunno him personally. But stop the hype and dig in, build WX up quietly....Then when price is right, I shall put my cash in WX. ...I do wish we got a novatis going in China.
TX got one of the best and largest med ctr in the world. No complaint here as I see.
Now, how is your link with those smily ole folks gonna help WX's price?
Again, I have nothing against WX personally. I just saw overpriced and call it as it is.
It will go below IPO prices. May go to 10 before coming back up again.
tex, it looks like they are moving faster than texas in reforming their health system.
>Medical reform began in 1992 to replace a system under which the government covered more than 90 percent of people's expenses.<
check the graphs. those contradict what you believe. they are moving to a "balanced" market where everyone shares in the cost.
BTW, Dr. Li's quote is from 2-3 years ago so you can see all had input into health care reform.
Dr. Ge Li, Chairman and CEO of WuXi PharmaTech, described
the company as �the bellwether in China�s fast-growing R&D services industry.� He predicted that the
�privatization of hospitals is coming, which will open a major market for pharmaceuticals in China.�
last time I checked, it appears it hardly worthy of cheering with a 7% drop. Will take a bull like this anyday than a cattle with short ....nah..got to refrain from saying dirty words. :)