credit report comparison

February 11, 2012

Organization Loan And Company Finance – What We Want To Know

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Business finance for commercial real estate and businesses varies from residential financing in more than 25 different and critical ways. It is clear that residential real estate investors are evaluating business financing and commercial real estate opportunities. This commercial mortgage and business opportunity financing report should be helpful to new commercial investors in educating them about important commercial loan and commercial real estate loan factors. SBA Loan Financing The availability of SBA loan programs is an important and useful aspect of many business financing strategies. There are also critical limitations and potential problems with Small Business Administration business finance programs. Some commercial borrowers will benefit significantly from SBA loan financing, and it is equally likely that many business borrowers will either not qualify or should avoid such business loan programs. Business Opportunity Financing – Business Finance Strategies Because it involves the financing of a business without real estate, a business opportunity business loan can be difficult to arrange. Traditional business finance approaches are not workable. Several terms such as down payment requirements will be different in comparison to a commercial mortgage with commercial property as collateral and there will be fewer qualified lenders. Balloon Payment Business Finance Requirements Balloon payments are used by some commercial lenders as a replacement for a valid long
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January 22, 2012

Keep The Credit Profile inside Tip Top Condition inside 2012

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Keep Your Credit Profile inside Tip Top Condition inside 2012
MoneySupermarket has connected up with Noddle, a free credit reporting service from Call Credit, to provide SmartSearch buyers the center with signal up for a monthly credit report at no expense.As with all credit reporting services in the event you find an mistake, …
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Five steps to reduce debt
Visit money-deals.co.uk plus go with compare-and-buy-insurance. Seek information from a free debt counselling service, including Citizens Guidance, National Debtline or the Consumer Credit Counselling Service. Advisers because these services will allow you to exercise what …
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comparethemarket.com Launches New Web Design For Life Insurance Purchases
By comparethemarket.com Leading cost comparison website comparethemarket.com has produced it even easier for the shoppers with buy existence insurance with all the release of the fresh plus improved internet shape. The brand-new, easy-to-use website makes it easy for …
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LeBron James: Who Is REALLY Better Than Him in the NBA?
He has additionally had certain achievement against LeBron inside head-to-head matchups, in terms of individual plus team achievement, there has not been a comparison. Anthony is nothing over a scorer, good rebounder plus an All-Star. He'll not be a top-notch …
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January 12, 2012

Ameriadvance.Com Reviews – $100-$1500 Surprisingly Simple Easy Cash Loans Form

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Ameriadvance.Com Reviews - 0-00 Surprisingly Easy Quick Cash Loans Form

quickloandeal.com @# Ameriadvance.Com Reviews. Do We Really Want Cash Right Then? Get upto 00 Cash because shortly because 1 Hour. No Faxing Required. No Credit Check. 99% Gauranteed Approval. Go Then. Useful Payday Loan & Cash Advance Article +#+ Ameriadvance.Com Reviews Insight Information About Payday Loans Those who are not too strong financially or are tight on the monthly budgets happen to be really happy from past few years understanding that pay day loans appear in this contemporary era. A couple of in the past, people used to visit banks and were requested to follow along with lengthy methods to choose a loan so their emergency could be taken care off. It required days as well as several weeks for individuals financial loans to obtain approved and several occasions they’d even get declined situation exactly the same with individuals bank financial loans. Individuals who needed medical help urgently frequently needed to face trouble simply because they lost of funds. Thinking about such needs, pay day loans has been around since now many institutions and individual loan companies offer their services of lending pay day loans to just about everybody. Pay day loans are extremely simple to get the ones have almost ignored bank financial loans given that they has been around since. Pay day loans are specifically made to take proper care of problems when a person is drained of his pay money or already has. This really is something which almost happens with everybody since pays

January 7, 2012

Fitch Publishes 'US Credit Card ABS Tear Sheet' with November 2011 Performance

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Fitch Publishes 'US Credit Card ABS Tear Sheet' with November 2011 Performance
This report additionally contains the following: a) Credit Card Performance Metrics Summary for Prime Portfolio; b) Issuance Ratings Summary; c) Issuance Trust Credit Enhancement Summary; d) Issuance Trust Enhancement Summary; e) Issuance Trust Comparison information …
Read more on MarketWatch (press release)

A Look at Some of the Obstacles Facing Wind Energy in the U.S.
Comparison of costs of wind produced electricity with electricity produced by different signifies, showing which wind stamina costs are considerably lower, as a result of its lower standard. From US Department of Energy report, "Annual Report about US Wind …
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December 10, 2011

Installations of Turbine and Turbine Generator Sets Worldwide to Reach US$173.3 Billion by 2017, According to New Report by Global Industry Analysts, Inc.


Installations of Turbine and Turbine Generator Sets Worldwide to Reach US$ 173.3 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) November 09, 2011

Follow us on LinkedIn – Ever growing energy needs as a result of continuous industrial development, improving living standards, and ever growing population, provide a stable and secure business case for turbines and turbine generator sets. Environmental regulations introduced or about to be implemented in several countries will influence the need for more efficient power generating equipment. Strong growth will stem from Asia-Pacific, Latin America, and Middle East driven by rapid levels of industrialization. Asia, for instance, requires huge amounts of energy to power the rapid industrialization underway in most countries in the region. Power requirements differ from country to country. New power generation plants undertaken and the routine replace¬ment of energy generation equipment directly translates into demand for turbine and turbine generator sets. In developed markets like Europe, and North America, aging energy infrastructure will provide opportunities for equipment replacements, upgradations and modernization. Looking beyond the current recession induced challenges faced by the wind power industry, wind turbines are projected to mirror a promising long-term potential, as wind energy moves forward as a future source of alternative energy for global power generation industry.

Given the high correlation between energy consumption and the level of economic activity, the recession not surprisingly resulted in lowering consumption as major energy-consuming sectors such as manufacturing, automobiles and construction industries witnessed significant disruptions in business activities. Although energy demand has recorded varying patterns across individual countries, a bigger theme that emerges over the region-by-region variations is the overall decline in energy consumption in almost every region across the world, with the exception of Asia-Pacific, and the Middle East. Investments in power generation by energy utilities were affected by the immense financing difficulties presented by the financial crisis. Poorer cash flow conditions for utilities and independent power generators resulted in years 2008 and 2009 witnessing several instances of project delays, postponements, cancellations, and cut backs in capital spending.

Glut in energy capacities, decline in energy consumption, lower wholesale energy prices, and recession induced weakened focus on climate change goals, temporarily reduced the emphasis on renewable energy sources. In the wind turbines market, new wind energy capacity installations declined for the first time, in over two decades, in the year 2010 recording negative average annual growth despite the overall increase in cumulative capacity additions. The decline was spearheaded by the United States and Europe where growth in new capacity additions eroded by over 40% and 7%, respectively, in the year 2010. A significant portion of new capacity additions during the year was made in Asia Pacific and Latin America. Developing countries therefore for the first time recorded higher growth in wind power capacity installations in comparison with the traditional developed markets.

In the United States wind power capacity declined due to a lack of stable national energy policy as reflected by the uncertainties revolving around the Production Tax Credit expiration. In late 2010 however, Section 1603 grants for renewable energy was extended by one year and although just a temporary bandage fix, growth in 2011 is expected to outstrip that of year 2010. In the developing countries, on the other hand, wind power projects grew cushioned by the fact that most wind power projects in these countries are government owned and supported, which unlike private project ownerships, are less acutely sensitive to changes in the economic and financial climate. The already established and implemented government policies and renewable portfolio standards in most countries also helped prop up new capacity additions.

As stated by the new market research report, Asia-Pacific represents the largest and the fastest growing regional market for Turbines and Turbine Generator Sets. The region continues to remain a key growth area, displaying a robust CAGR of about 8.5% over the analysis period. As a bridge that connects to the envisioned clean energy future, Wind Turbines represent the fastest growing product segment growing at a robust CAGR of about 9.5% over the analysis period. Asia Pacific, supported by China and India’s staunch growth in wind energy, will continue to drive future growth in this segment. Chinese manufacturers particularly are surging ahead in the wind turbine manufacturing sector, driven primarily by the favorable government policies favoring the local turbine manufacturers.

Major market participants include ABB Ltd, Alstom SA, Bharat Heavy Electricals Limited, DeWind Inc., Dongfang Turbine Co. Ltd, Enercon India Ltd., Gamesa Eólica SA, GE Energy, Goldwind Science & Technology Co. Ltd, Mitsubishi Heavy Industries Ltd, Pratt & Whitney Canada Corp, REpower Systems AG, Rolls Royce Group Plc, Siemens AG, Suzlon Energy Limited, Vestas Wind Systems A/S, among others.

The research report titled “Turbines and Turbine Generator Sets: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, drivers, issues, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for new capacity addition in Megawatts for the US, Canada, Japan, Europe Asia-Pacific, Middle East and Latin America. Product markets analyzed include Hydraulic Turbines, Steam Turbines, Gas Turbines, and Wind Turbines, among others. Dollar sales estimates and projections are exclusively provided for the global market across the aforementioned geographic market verticals.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Turbines_and_Turbine_Generator_Sets_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a led publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognised today, as one of the world’s largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: squeeze(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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Related Credit Report Comparison Press Releases

December 8, 2011

2011 Sea Ice Minimum

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2011 Sea Ice Minimum This video shows Arctic sea ice from March 7, 2011, to Sept. 9, 2011, ending with a comparison of the 30-year average minimum extent, shown in yellow, and the Northwest Passage, in red. (no audio) Credit: Scientific Visualization Studio at NASA’s Goddard Space Flight Center, Greenbelt, Md. SpaceReports Space Reports, from me to you
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December 3, 2011

How are they defining ‘Credit Crisis’ here?

Filed under: Credit Report Comparison — Tags: , , , , — admin @ 4:13 pm


Question by trevathantim: How are they defining ‘Credit Crisis’ here?
http://www.risknews.nett/public/showPage.html?page=862163Risk News: General NewsCredit crisis did not start until October 2008, Fed research finds11 June – New research from the US Federal Reserve Bank in St Louis, Missouri, has found US banks did not begin to cut credit significantly until the last few months of last year, more than 12 months after the generally recognised start of the financial crisis.Although the subprime mortgage crisis started in mid-2007, real estate, commercial and individual brought continued to expand until the third quarter of 2008, albeit at a slower placed, wrote economists Silvio Contessi of the St Louis Fed and Johanna Francis of New York’s Fordham University – reports from US commercial banks “do not demonstrate open signs of distress in the commercial and industrial loan segment of the banking industry, at least through the end of September 2008″. Meanwhile, falling mortgage rates through most of 2008 meant existent estate imparting continued to turn as borrowers refinanced being mortgages.The picture merely changed in the fourth quarter of last year, when net credit contracted aggressively – largely the result of lower lending at the country’s largest banks, either because of tighter credit standards or lower demand. “The relatively smaller banks show little impact from the recession that began in 2007. Their credit growth was positive and comparable to, if not larger than, previous years,” the study commented.The study also found increased use of previously arranged ascribed lines, suggesting 2008 saw a drop in new loans arranged that was masked by the tapping of credit facilities arranged before the start of the crisis. Credit was also becoming more difficult to obtain from other sources such as syndicated loaned and commercial paper issuance, prompting commercial borrowers to rely more on banks. In the fourth quarter, credit contracted at a rate last seen in the 1990-91 recession, Contessi and Francis wrote.This does not bode well for the recovery of the financial markets, they add, draw on a comparison between the current recession and five recent recessions. The early stages of this recession looked similar to the 1980 and 1981-2 recessions in the US, implying a rapid recovery in credit, but “in the 1991 recession, however, the decline in credit expansion and the increase in contraction were persistent, permanent for two years into the recovery”. The authors added: “It is possible farther quarterly data will reveal a creditless recovery”, in which credit remains difficult to obtain level after the economy starts to grow again.See also: US Congress: Banks may need more stress tests Banks repay $ 68bn in Tarp funds to US Treasury FSA stress tests banks for four-year downturn Defaults to rise as IMF predicts slow recoveryAlexander Campbell

Best answer:

Answer by Professor Chris
Credit Crisis = Stealing money from The People for the benefit of the establishment.



Add your own answer in the comments!

November 26, 2011

New River Innovation Announces Major New Release of Beyond415?SaaS Application for Tax Professionals Gets a New User Interface and Powerful, User-Requested Features


New River Innovation Announces Major New Release of Beyond415—SaaS Application for Tax Professionals Gets a New User Interface and Powerful, User-Requested Features

Greensboro, NC (PRWEB) November 08, 2011

New River Innovation announced today the major new release of its software for post-filing issues, Beyond415 (v. 2.). A core enhancement was the consummate overhaul of the application’s interface—importantly upgrading ease of use. Several unexampled features were added as the result of practitioner feedback, including audit support, speedy search navigation, and the ability to clear CPE credits via NASBA-evidenced courses.

“Our users like the changes we’ve made. Practitioners have especially commented on the need for practical instructions for working with the IRS, which is why we’re making CPE courses for credit available for free,” said Jim Buttonow, CPA, IRS practice and procedure expert and cofounder of New River Innovation.

Core enhancements for this release include:

Three free CPE credits with NASBA-certified courses on post-filing IRS practice and procedure Free IRS Reference Account that features a comprehensive IRS contact directory and unlimited access to the Expert Community Significantly enhanced user interface, including quick search navigation Client engagement support, including engagement reporting, document management and a calendar reminder system Online expert community where users can exchange information and share issues and resolutions Additional issue support, including an IRS Audit section complete with hundreds of working papers

“Our goal is to make it easier for practitioners to work with the IRS,” Buttonow said. “This update to Beyond415 is foundational to our vision and future product offerings.”

Get a free account at http://www.beyond415.com. Premium accounts start at $ 29 a month.

Beyond415 is offered at http://www.beyond415.com and through select tax and accounting software partners.

About Beyond415
Beyond415 automates post-registering practice and procedure and was developed specifically for tax professionals. The system helps firms salve time, be readied and ease client concerns by furnishing expert guidance for examining a client’s situation, options for client IRS account research, and tools for solution evaluation and comparison. Practitioners can choose and customize their response to an IRS issue. Beyond415 pre-populates the necessary documents, including IRS forms, customized frost letters, worksheets, frost sheets, and document request forms — all in the IRS’ accepted arranged. In its first year of release, Beyond415 was honored with a Technology Innovation Award from CPA Practice Advisor and a K2 Enterprises Quality Award. For more information, visit http://www.beyond415.com.

About New River Innovation
New River Innovation, based in Greensboro, NC, provides tax and accounting professionals with innovative IRS-support technology. The company’s flagship product, Beyond415, features workflow technology for post-filing IRS issues and notices. For more information about the company, visit http://www.newriverinnovation.com.

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November 3, 2011

Business Loan And Business Finance – What You Need To Know

Filed under: Credit Report Comparison — Tags: , , , , — admin @ 8:17 am


Business finance for commercial real estate and businesses varies from residential financing in more than 25 different and critical ways. It is clear that residential real estate investors are evaluating business financing and commercial real estate opportunities. This commercial mortgage and business opportunity financing report should be helpful to new commercial investors in educating them about important commercial loan and commercial real estate loan factors. SBA Loan Financing The availability of SBA loan programs is an important and useful aspect of many business financing strategies. There are also critical limitations and potential problems with Small Business Administration business finance programs. Some commercial borrowers will benefit significantly from SBA loan financing, and it is equally likely that many business borrowers will either not qualify or should avoid such business loan programs. Business Opportunity Financing – Business Finance Strategies Because it involves the financing of a business without real estate, a business opportunity business loan can be difficult to arrange. Traditional business finance approaches are not workable. Several terms such as down payment requirements will be different in comparison to a commercial mortgage with commercial property as collateral and there will be fewer qualified lenders. Balloon Payment Business Finance Requirements Balloon payments are used by some commercial lenders as a replacement for a valid long
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October 29, 2011

Marketsensus: China Pharmaceutical Market Shows Signs of Phenomenal Growth of 26.5%

Marketsensus: China Pharmaceutical Market Shows Signs of Phenomenal Growth of 26.5%











China Pharmaceutical Market


Hong Kong (PRWEB) September 15, 2011

This Marketsensus report provides complete overview on the China pharmaceutical Market

The Chinese hospital prescription pharma market generated sales of $ 22.9 billion in 2009, with an annual growth rate of 26.5% between 2008 and 2009. Key growth drivers include China’s support of foreign direct investment, low operating costs, growing economic wealth and a government stimulus of $ 125 billion to be spent on healthcare reforms during 2009–2011.

Overview of socioeconomic and demographic trends, healthcare system, regulation, pricing and reimbursement and intellectual property position in China

Assesses the size of the Chinese pharmaceutical market by prescribing setting, therapy area, leading brands and by leading companies

Examines the Chinese generics and biosimilars landscape in terms of regulatory issues, level of penetration, key players and degree of brand erosion

Quantifies the R&D and manufacturing infrastructure for the leading pharmaceutical companies, including key metrics and domestic M&A analysis

Report Highlights

The combination of China’s rising population to 2030, plus the expansion of the elderly population, as a proportion of the total population, will create additional pressure on the government in terms of healthcare provision especially for the elderly.

According to the Ministry of Health, by the end of October 2010, the three public health insurance schemes covered 1,233 million Chinese citizens, accounting for more than 90% of the total population.

Domestic manufacturers dominate the Chinese generics market, accounting for nearly 99% of generics sales of both branded and unbranded generics. The domestic industry has expanded rapidly as companies have improved their manufacturing capacities.

Reasons to Purchase

Evaluate the evolving regulatory landscape and the impact of pricing and reimbursement controls on market access in China

Quantify the size and growth of the prescription pharmaceutical market in China, analyzing key therapy areas, brands and companies

Assess drivers and resistors of generic and biosimilars uptake in China

About the Strategic Pharmaceutical Analysis Team 2

Geographic specific reports: 2

Global issue reports: 2

Executive Summary 3

Introduction 3

Strategic scoping and focus 4

Key findings – Healthcare drivers and resistors in China 5

China – Socio-demographic and economic analysis 8

Socio-demographic trends 8

Socio-economic trends 9

China – Healthcare system and drug regulatory analysis 11

Healthcare expenditure 11

Healthcare system 12

Healthcare insurance 12

Regulatory issues 12

Pricing and reimbursement issues 13

China – Prescription pharmaceutical sales analysis 15

Pharmaceutical market size 15

Leading therapy areas 15

Leading prescription pharmaceutical brands 15

Leading pharmaceutical companies 15

China – Drug expiry analysis 17

China generics market 17

China brand erosion post patent expiry 17

China biosimilars market 17

China – Pharmaceutical Industry Infrastructure analysis 19

Related reports 21

Upcoming related reports 21

Table of Contents 22

2. China – Socio-demographic and economic analysis 23

China – Key findings 23

Socio-demographic trends 23

Socio-economic trends 23

China – Demographic trends 25

Chinese population growth rate expected to slow 25

Birth rate in China is declining 28

Proportion of elderly people in the China expected to rise 29

Life expectancy will continue to increase in China and across other markets 30

China – Disease burden 31

No longer Kingdom of Bicycles, but still Kingdom of Cigarettes 33

Demographic changes lead to increase in more Westernized chronic conditions 33

Tuberculosis prevalence is high but is declining 34

Hepatitis incidence increasing despite universal vaccination coverage 34

China – Regional score card analysis 36

Mainland China is divided into 31 administrative regions (22 provinces, 5 autonomous regions, and 4 municipality cities) 37

Total healthcare scores of different regions in China 38

The eastern coastal provinces are more densely populated than the western interior 39

Disparity of economic development directly impacts the healthcare expenditure 40

Most hospitals are situated in big cities in China 45

Lifeexpectancy is higher in the eastern coastal provinces 51

China – Political climate 52

Overview of Chinese governmental departments and healthcare reform policies 52

China – Economic climate 55

Government’s stimulus plan compensates for the global recession 55

Pharma has historically been relatively well insulated from the recession 58

China – Business environment 59

Factors responsible for driving China’s strong GDP growth 59

Foreign direct investment is contributing to economic growth 59

Low cost manufacturing drivers exports 60

Taxation system in China – complex but R&D tax credits exist 61

Corruption remains widespread 61

Cultural differences and the language barrier can impact business with Western companies 62

China’s unemployment rate – official versus unofficial reports 62

Renminbi (RMB) appreciation and its impact on the pharmaceutical industry 63

3. China – Healthcare system and drug regulatory analysis 66

China – Key findings 66

Healthcare expenditure 66

Healthcare system 66

Healthcare insurance 66

Regulatory issues 67

Pricing and reimbursement issues 67

China – Healthcare expenditure 69

China – Healthcare system 71

Regulatory healthcare bodies 71

Ministry of Health sets the high-level policies 72

Ministry of Human Resources and Social Security oversees the national medical insurance system 72

The National Council for Social Security Fund is often surrounded by scandals 72

China Insurance Regulatory Commission regulates private insurance sector 72

National Development and Reform Commission oversees overall policy development 72

State Administration for Industry and Commerce 73

China’s healthcare reform 73

China healthcare reform, 2010-2020 The Glorious Ten? 75

China – Health insurance 77

China – Social health insurance 78

The introduction of the urban employee Basic Medical Insurance System has improved health insurance coverage in cities 79

The unemployed are offered a very basic health insurance 80

Rural health insurance coverage is increasing but the benefits are insufficient 80

China – Private health insurance 82

Primary versus secondary care 83

China – Regulatory issues 84

State Food and Drug Administration is the watchdog for drug registration and safety issues 84

Evolution of the SFDA 85

Drug classification in China 87

Drug Monitoring Period 87

Drug registration in China 87

New Provisions for Drug Registration led to a fall in drug approvals 91

New pathway for expedited drug approval 91

GMP regulation in China 92

Intellectual property protection 93

State Intellectual Property Office (SIPO) 93

China provides 6 years of data exclusivity for pharmaceuticals, but it is not applied adequately in practice 94

Patent breakage 95

Case of Pfizer’s Viagra fight in China 95

China’s compulsory licensing policy is a cause for concern 96

Despite improvements China remains on the USTR Priority Watch List 96

Drug counterfeiting in China 97

China – Pricing and reimbursement 99

Pricing issues – continuing price cuts make China’s business environment uncertain 99

The process for setting drug prices in China 100

Price cuts and the elimination of hospital mark-ups will make drugs more affordable 101

New Methods and Regulations on Drug Prices 103

Reimbursement issues in China 106

National Reimbursement Drug List (NRDL) 107

Essential Drug List (EDL) 108

Preferential purchasing of domestic drugs will hamper growth of foreign brands 109

Hospitals purchase drugs through a tendering system 109

Government crack down on overprescribing 110

Government initiatives to reduce reliance on hospital drug distribution have meant retail pharmacies are growing in importance 110

4. China – Pharmaceutical sales analysis 112

China – Key findings 112

Pharmaceutical market size 112

Leading therapy areas 112

Leading prescription pharmaceutical brands 112

Leading pharmaceutical companies 113

China – Pharmaceutical market size 114

China – Leading therapy areas 116

Infectious diseases drugs hold the largest share of the Chinese market value 118

Traditional Chinese medicines (TCMs) exhibited the strongest sales during 2005-09 119

China – Leading pharmaceutical brands 120

Shu Xue Ning achieved by far the highest sales in China in 2009 123

Ke Lin Ao 123

Plavix – FDA ‘black box’ warning may influence its sales in China 124

China – Leading pharmaceutical companies 125

The leading international companies held almost 18% of Chinese value market in 2009 126

The leading domestic companies experienced impressive growth 129

Shandong Qilu Pharma 131

Jiangsu Yangzijiang Pharma 131

5. China – Drug expiry analysis 133

China – Key findings 133

China generics market 133

China brand erosion post patent expiry 133

China biosimilars market 133

China – Generics market dynamics 135

China generics volume uptake 138

China generics value uptake 139

China generics market size 140

China – Generics drivers and resistors 141

Chinese government favors cheap generics 142

Domestic players can use their relationships with the government to enter preferred-supplier contracts with hospitals 142

Healthcare reforms aim to crack down on over prescription 142

Price cuts hit profitability of China’s generics companies 142

Patients start to shift from cheap generics to more expensive branded drugs 143

Poor perception of quality of limit uptake of Chinese-made drugs internationally 143

Improvement of IP law enforcement – both generics and foreign drug makers face challenges 143

Case of Pfizer’s Viagra fight in China 143

China – Key generics players 144

China – Small molecule brand erosion 146

China – Biosimilar market dynamics 147

China – drivers and resistors of biosimilar uptake 150

Lack of a specific biosimilars approval pathway 150

Low cost of Chinese biosimilar development 150

Patients’ preference for biosimilars versus biologics is split according to their financial status 150

Healthcare coverage expansion will drive the need for biosimilars 151

Domestic biosimilar producers are yet to fully realize their potential in China 151

Key biologics manufacturers in China 151

Opportunities for the biosimilar industry 152

Biosimilars in development in China 153

Currently barriers exist to development of biosimilar monoclonal antibodies in China 156

6. China – Pharmaceutical industry infrastructure analysis 158

China – Key findings 158

China – Pharmaceutical industry infrastructure overview 159

Introduction of policies to stimulate domestic R&D 159

Many multinational companies have opened R&D centers in China in recent years 160

Life science clusters play a crucial role in China-based R&D 160

China is becoming an increasingly popular destination for clinical trials 161

Drug manufacturing in China – GMP is improving but IP protection is insufficient for Western manufacturers 163

M&A on the rise again in China 164

China – Key company infrastructure 166

Pfizer 167

Pfizer’s top 10 selling drugs and their NRDL status 167

R&D and manufacturing 168

M&A activity 171

AstraZeneca 173

AstraZeneca’s top 10 selling drugs and their reimbursement status 173

R&D and manufacturing 174

Sanofi-Aventis 179

Sanofi-Aventis’s top 10 selling drugs and their reimbursement status 179

R&D and manufacturing 179

Bayer Schering Pharma 184

Bayer’s top 10 selling drugs and their reimbursement status 184

R&D and manufacturing 184

M&A activity 188

Roche 189

Roche’s top 10 selling drugs and their NRDL status 189

R&D and manufacturing 189

M&A activity 193

Shandong Qilu Pharma 194

Shandong Qilu Pharma’s top 10 selling drugs and their NRDL status 194

R&D and manufacturing 194

Merck & Co. 197

Merck & Co.’s top 10 selling drugs and their reimbursement status 197

R&D and manufacturing 198

Jiangsu Yangzijiang Pharma 202

Jiangsu Yangzijiang Pharma’s top 10 selling drugs and their NRDL status 202

R&D and manufacturing 202

Novartis 205

Novartis’s top 10 selling drugs and their reimbursement status 205

R&D and manufacturing 206

M&A activity 210

GlaxoSmithKline 211

GlaxoSmithKline’s top 10 selling drugs and their reimbursement status 211

R&D and manufacturing 211

M&A activity 214

7. China – Bibliography 216

China – Executive summary 216

Publications and online articles 216

Datamonitor reports and products 217

China – Socio-demographic and Economic analysis 218

Publications and online articles 218

Datamonitor reports and products 223

China – Healthcare system and drug regulation 224

Publications and online articles 224

Datamonitor reports and products 229

China – Prescription pharmaceutical sales analysis 230

Publications and online articles 230

Datamonitor reports and products 230

China – Drug expiry analysis 231

Publications and online articles 231

Datamonitor reports and products 233

China – Industry infrastructure analysis 234

Publications and online articles 234

Datamonitor reports and products 238

Appendix 239

Exchange rates used in this report 239

Datamonitor prescription pharmaceutical definition and therapy area classification 240

About Datamonitor 241

About Datamonitor Healthcare 241

Datamonitor consulting 241

Disclaimer 242

Disclaimer 243

List of Tables

Table 1: China – changes in the key value drivers of the Chinese pharmaceutical market, 2005-09 6

Table 2: China – demographic indicators, 2005 and 2010 8

Table 3: China – key economic indicators, 2005-2012 10

Table 4: China – healthcare expenditure indicators, 2006-09 11

Table 5: China – a range of pricing and reimbursement tools are used, 2010 14

Table 6: China – sales (LCDm) and volume (SUm) of the hospital prescription pharmaceutical market (China and Hong Kong), 2009 16

Table 7: China – key metrics for the generics and biologics/biosimilars market, 2010 18

Table 8: China – sales, R&D and manufacturing infrastructure data for the top 8 multinational companies in China, 2010 20

Table 9: China – demographic indicators, 2005 and 2010 25

Table 10: China – top 10 causes of mortality, 2004 31

Table 11: China – disability-adjusted life years (DALY) rates compared with North America, Japan, the five major EU countries (5EU), Australia, and other BRIC nations, 2004 32

Table 12: China – key economic indicators, 2005-2012 56

Table 13: China – healthcare expenditure indicators, 2006-09 70

Table 14: China – evolution of the Basic Medical Insurance System (BMI) for urban workers and non-workers, 2005-09 80

Table 15: China – evolution of the New Rural Co-operative Medical System (NRCMS), 2005-09 81

Table 16: China – hospital bed and healthcare worker density, 2003-04 83

Table 17: China – State Food and Drug Administration (SFDA) New Drug Classification, 2007 87

Table 18: China – a range of pricing and reimbursement tools are used, 2010 99

Table 19: China – National Development and Reform Commission (NDRC) government pricing and government guided pricing guidelines, 2010 104

Table 20: China – National Development and Reform Commission (NDRC) guaranteed maximum price premium, 2010 104

Table 21: China – key drug lists and regulatory bodies, 2010 106

Table 22: China – sales (LCDm) and volume (SUm) of the hospital prescription pharmaceutical market (China and Hong Kong), 2009 115

Table 23: China – hospital pharmaceutical sales ($ m and %) by therapy area (China and Hong Kong), 2005-09 117

Table 24: China – hospital pharmaceutical volume (SUm and %) by therapy area (China and Hong Kong), 2005-09 118

Table 25: China – top 10 selling traditional Chinese medicines in hospital prescription drug market (China and Hong Kong), 2009 120

Table 26: China – hospital sales growth ($ m and %) for top 20 pharmaceutical brands (China and Hong Kong), 2009 122

Table 27: China – hospital volume growth (SUm and %) for top 20 pharmaceutical brands (China and Hong Kong), 2009 123

Table 28: China – hospital sales growth ($ and %) for the leading pharmaceutical companies (China and Hong Kong), 2009 127

Table 29: China – hospital volume growth (SUm and %) for the leading pharmaceutical companies (China and Hong Kong), 2009 128

Table 30: China – hospital sales growth ($ m and %) for the leading Chinese pharmaceutical companies (China and Hong Kong), 2009 129

Table 31: China – hospital volume growth (SUm and %) for the leading Chinese pharmaceutical companies (China and Hong Kong), 2009 130

Table 32: China – Shandong Qilu Pharma’s top 10 selling drugs ($ m) and their NRDL status (China and Hong Kong), 2010 131

Table 33: China – Jiangsu Yangzijiang Pharma’s top 10 selling drugs ($ m) and their NRDL status (China and Hong Kong), 2010 132

Table 34: China – key metrics for the generics and biologics/biosimilars market, 2010 134

Table 35: China – comparison of generic penetration versus other major pharmaceutical markets ($ billion and %), 2007-08 137

Table 36: China – leading domestic and foreign generics companies in the hospital segment, 2009 145

Table 37: China – hospital sales and market share ($ m and %) of domestically and internationally developed biologics (China and Hong Kong), 2009 148

Table 38: China – hospital sales($ m) for the top10 domestic/biologics manufacturers (China and Hong Kong), 2009 151

Table 39: China – global and domestic sales ($ m) for the top 10 biologics (China and Hong Kong hospital sales), 2009 152

Table 40: China – launched and developmental biosimilars in China, 2010 154

Table 41: China – sales ($ m) of monoclonal antibodies (China and Hong Kong),2009 156

Table 42: China – overview of the main domestic biotech and pharmaceutical companies located in Shanghai Zhangjiang Hi-Tech Park and Beijing Zhongguancun (ZGC) Life Science Park, 2010 161

Table 43: China – hospital pharmaceutical sales growth($ m and %) for the top 10 pharmaceutical companies (China and Hong Kong), 2009 166

Table 44: China – Pfizer’s top 10 selling drugs ($ m) and their NRDL status (China and Hong Kong), 2010 168

Table 45: China – Pfizer’s sales, R&D and manufacturing infrastructure data (post-merger with Wyeth) compared with other top 8 multinational companies in China, 2010 169

Table 46: China – Pfizer’s China-based M&A activities, 2010 172

Table 47: China – AstraZeneca’s top 10 selling drugs ($ m) and their NRDL status (China and Hong Kong), 2010 174

Table 48: China – AstraZeneca’s sales, R&D and manufacturing infrastructure data compared with other top 8 multinational companies in China, 2010 176

Table 49: China – Sanofi-Aventis’s top 10 selling drugs and their NRDL status ($ m), 2010 (China and Hong Kong) 179

Table 50: China – Sanofi-Aventis’s sales, R&D and manufacturing infrastructure data compared with other top 8 multinational companies in China, 2010 181

Table 51: China – Bayer’s top 10 selling drugs and their NRDL status ($ m), 2010 (China and Hong Kong) 184

Table 52: China – Bayer Schering’s sales, R&D and manufacturing infrastructure data compared with other top 8 multinational companies in China, 2010 185

Table 53: China – Bayer Schering’s China-based M&A activities, 2008 188

Table 54: China – Roche’s top 10 selling drugs ($ m) and their NRDL status (China and Hong Kong), 2010 189

Table 55: China – Roche’s sales, R&D and manufacturing infrastructure data compared with other top 8 multinational companies in China, 2010 190

Table 56: China – Roche’s China-based M&A activities, 1995-2010 193

Table 57: China – Shandong Qilu Pharma’s top 10 selling drugs ($ m) and their NRDL status (China and Hong Kong), 2010 194

Table 58: China – Shandong Qilu Pharma’s sales, R&D and manufacturing infrastructure data compared with the top 2 domestic companies in China, 2010 195

Table 59: China – Merck & Co.’s top 10 selling drugs ($ m) and their NRDL status (China and Hong Kong), 2010 197

Table 60: China – Merck & Co.’s sales, R&D and manufacturing infrastructure data compared with other top 8 multinational companies in China, 2010 199

Table 61: China – Jiangsu Yangzijiang Pharma’s top 10 selling drugs ($ m) and their NRDL status (China and Hong Kong), 2010 202

Table 62: China – Jiangsu Yangzijiang Pharma’s sales, R&D and manufacturing data compared with the top 2 domestic companies, 2010 203

Table 63: China – Novartis’s top 10 selling drugs ($ m) and their NRDL status (China and Hong Kong), 2010 205

Table 64: China – Novartis drugs recently listed on the NRDL, 2009 206

Table 65: China – Novartis’s sales, R&D and manufacturing infrastructure data compared with other top 8 multinational companies in China, 2010 207

Table 66: China – Novartis’s China-based M&A activities, 2008-2010 210

Table 67: China – GlaxoSmithKline’s top 10 selling drugs ($ m) and their NRDL status (China and Hong Kong), 2010 211

Table 68: China – GlaxoSmithKline’s sales, R&D and manufacturing infrastructure data compared with other top 8 multinational companies in China, 2010 212

Table 69: China – GlaxoSmithKline’s China-based M&A activities, 2008-2010 215

Table 70: Currency exchange rates, 2010 239

Table 71: ATC (anatomical therapeutic chemical) classification codes assigned to a given therapy area within the prescription pharmaceutical market 240

List of Figures

Figure 1: China – key value drivers of the Chinese pharmaceutical market, 2009 5

Figure 2: China – drivers and resistors facing branded pharmaceutical companies 7

Figure 3: China – Population (million) and population growth rate (%), 1950-2050 26

Figure 4: China – population growth compared with North America, Japan, the five major EU countries (5EU), Australia, and other BRIC nations, 1950-2050 27

Figure 5: China – birth rates per 1,000 individuals compared with North America, Japan, the five major EU countries (5EU), Australia, and other BRIC nations, 1950-2050 28

Figure 6: China – proportion of population over 65 years old compared with North America, Japan, the five major EU countries (5EU), Australia, and other BRIC nations,1950-2050 29

Figure 7: China – life expectancy compared with North America, Japan, the five major EU countries (5EU), Australia, and other BRIC nations,1950-2050 30

Figure 8: China – administrative regions of mainland China, 2010 37

Figure 9: China – total healthcare score by administrative region in mainland China, 2009 38

Figure 10: China – population density by administrative region in mainland China, number of people per square kilometer, 2009 39

Figure 11: China – GDP per capita ($ ) by administrative region in mainland China, 2008 41

Figure 12: China – average urban household disposable income ($ ) by administrative region in mainland China, 2008 42

Figure 13: China – average urban household healthcare expenditure ($ ) by administrative region in mainland China, 2008 43

Figure 14: China – urban household healthcare expenditure as % of disposable income by administrative region, 2009 44

Figure 15: China – number of hospitals by administrative region in mainland China, 2008 46

Figure 16: China – number of Tier 3 hospitals by administrative region in mainland China, 2008 47

Figure 17: China – number of healthcare facilities by administrative region in mainland China, 2008 49

Figure 18: China – number of healthcare personnel by administrative region in mainland China, 2008 50

Figure 19: China – life expectancy by administrative region in mainland China, 2008 51

Figure 20: China – political departments of state power in the People’s Republic of China, 2010 53

Figure 21: China – GDP per capita growth rate compared with North America, Japan, the five major EU countries (5EU), Australia, and other BRIC nations, 2008-09 57

Figure 22: China – GDP and Pharma annual growth rate of China compared to the global values, 2009-2010 58

Figure 23: China – GDP growth rate vs. foreign trade as % of GDP, 1960-2008 59

Figure 24: China – foreign direct investment, net inflows,1979-2008, net outflows, 2008 60

Figure 25: Unemployment rates in China, UK, France, Germany, Italy, Spain, US, Canada, Australia, Japan, Brazil, India, and Russia, 1990-2008 63

Figure 26: China – foreign exchange rate, 1 RMB to USD, January 2006-August 2010 64

Figure 27: China – health expenditure as a proportion of GDP compared with North America, five major EU markets (5EU), Japan, Australia and other BRIC nations, 2006-07 69

Figure 28: China – healthcare industry regulatory bodies, 2010 71

Figure 29: China – major historical and forecast healthcare reform events, 1985-2020 73

Figure 30: China – four layers of Chinese medical insurance system, 2010 78

Figure 31: China – Organizational structure of the State Food and Drug Administration (SFDA), 2010 84

Figure 32: China – subordinate drug evaluation bodies that directly report to the SFDA in China, 2010 85

Figure 33: China – Development of drug evaluation, 1949-2008 86

Figure 34: China – new drug application process and timing, 2007 88

Figure 35: China – application and approval procedure for imported drugs before clinical trials, 2010 89

Figure 36: China – application and approval procedure for imported drugs after clinical trials, 2010 90

Figure 37: China – domestic and international patent applications, 2007- 09 94

Figure 38: China – counterfeit drugs, number of incidents by year 2002-09, and by region, 2009 97

Figure 39: China -drug price setting process, 2009 100

Figure 40: China – National Development and Reform Commission (NDRC) policies on drug pricing, pre- and post-April 2009 102

Figure 41: China – three ways of drug pricing in China, 2010 103

Figure 42: China – number of drugs listed in the pharmacopeia, NRDL, EDL, 2010 106

Figure 43: China – National Reimbursement Drug List (NRDL), 2004, 2009 and Essential Drug List (EDL), 2009 108

Figure 44: China – Ministry of Health categorization of reasonable and non-reasonable prescriptions, 2010 110

Figure 45: China – relative sales ($ ) and volume (SU) of the hospital prescription pharmaceutical market (China and Hong Kong), 2009 114

Figure 46: China – hospital pharmaceutical sales (%) by therapy area (China and Hong Kong), 2005-09 116

Figure 47: China – hospital sales growth ($ m and %) for the leading pharmaceutical brands (China and Hong Kong), 2009 121

Figure 48: China – hospital sales growth (%) for leading pharmaceutical companies (China and Hong Kong), 2005-09 125

Figure 49: China – value share of brands, generics and traditional Chinese medicines, 1999-2008 135

Figure 50: China – value share (%) of brands, generics and traditional Chinese medicines (TCMs), 1999-2008 136

Figure 51: China – comparison of generic volume (%) uptake versus other major pharmaceutical markets, 2007-08 138

Figure 52: China – comparison of generic value (%) uptake versus other major pharmaceutical markets, 2007-08 139

Figure 53: China – comparison of generics market size versus other pharmaceutical markets ($ billion), 2007-08 140

Figure 54: China – drivers and resistors of the generics market, 2010 141

Figure 55: China – indexed sales of Plavix and generic clopidogrel in the hospital segment, 2005-09 146

Figure 56: China – central government’s policies in favor of biotech development, 2006-09 149

Figure 57: China – drivers and resistors of biosimilar uptake 150

Figure 58: China – launched and developmental biosimilars in China, 2010 153

Figure 59: China – drivers and resistors to biosimilar monoclonal antibody entry, 2010 157

Figure 60: China – drivers and resistors for foreign and domestic players in innovative drug R&D 159

Figure 61: China – advantages and disadvantages of conducting clinical trials in China 162

Figure 62: China – international and domestic M&A deals in the pharmaceutical sector carried out in China, 2008-2010 165

Figure 63: China – Pfizer’s R&D and manufacturing presence compared with top 8 multinational companies in China, 2010 170

Figure 64: China – Pfizer’s pharmaceutical operations (post-merger with Wyeth), 2010 171

Figure 65: China – AstraZeneca’s R&D and manufacturing presence compared with top 8 multinational companies in China, 2010 177

Figure 66: China – AstraZeneca’s pharmaceutical operations, 2010 178

Figure 67: China – Sanofi-Aventis R&D presence compared with top 8 multinational companies in China, 2010 182

Figure 68: China – Sanofi-Aventis’s pharmaceutical operations, 2010 183

Figure 69: China – Bayer Schering R&D and manufacturing presence compared with top 8 multinational companies in China, 2010 186

Figure 70: China – Bayer Schering’s pharmaceutical operations, 2010 187

Figure 71: China – Roche R&D and manufacturing presence compared with top 8 multinational companies in China, 2010 191

Figure 72: China – Roche’s pharmaceutical operations, 2010 192

Figure 73: China – Shandong Qilu Pharma’s pharmaceutical operations, 2010 196

Figure 74: China – Merck & Co.’s sales, R&D and manufacturing infrastructure data compared with other top 8 multinational companies in China, 2010 200

Figure 75: China – Merck & Co.’s pharmaceutical operations, 2010 201

Figure 76: China – Jiangsu Yangzijiang Pharma’s pharmaceutical operations, 2010 204

Figure 77: China – Novartis’s sales, R&D infrastructure data compared with other top 8 multinational companies in China, 2010 208

Figure 78: China – Novartis’s pharmaceutical operations, 2010 209

Figure 79: China – GlaxoSmithKline’s sales, R&D and manufacturing infrastructure data compared with other top 8 multinational companies in China, 2010 213

Figure 80: China – GlaxoSmithKline’s pharmaceutical operations, 2010 214

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