China’s Pharmaceutical Sales to Top $50 Billion in 2011
October 07, 2010 at 14:53 PM EDT
China’s pharmaceutical sales will grow at a 25% to 27% clip in 2011, rising to over $50 billion, according to the latest prediction from IMS Health, an international consultancy to the pharma industry. Earlier this year, IMS predicted China’s 2010 sales would hit $42 billion. In contrast, IMS expects global sales of pharmaceuticals will grow in 2011 by a comparatively small 5%-7%. More details.... Stock Symbol: (NYSE: IMS)