January 2007
PharmaWatch: Monthly Review;Jan2007, Vol. 6 Issue 1, p41
Market Research Report
The article reports on a joint venture between Merck KGaA and Chi-Med, both a pharmaceutical company, in developing treatments for cancer with traditional Chinese medicine. The two companies have agreed to develop small molecule anti-cancer drugs using 10,000 natural substances from Chi-Med to help manufacture the products. Moreover, Chi-Med believes that traditional Chinese medicine is a major, under-exploited reservoir for the development of novel drugs for the global pharmaceutical market.


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