The Ministry of Health in Malaysia has issued further guidance on the requirement for all registered pharmaceutical products to be labeled with a Meditag, a hologram security device. The Meditag was initiated by the government in an effort to combat the flood... Read More
In July 2005, the Hong Kong Hospital Authority began implementation of its Drug Formulary, a list of over 1,200 standard drugs to be prescribed by doctors in public hospitals and clinics. Most drugs will not be affected by the Formulary, but there... Read More
The Chinese Ministry of Health announced the implementation of a supervisory program to strengthen the monitoring and regulation of cosmetics hygiene, beginning in April 2005 and lasting until the end of the year. The provincial health administrations will supervise more closely the... Read More
The Indian government has announced that it will create a new independent drug regulatory authority, to be called the Central Drug Administration or the National Drug Authority, which will be structured similarly to the U.S. Food and Drug Administration (FDA). India’s Minister... Read More
China ’s State Food and Drug Administration (SFDA) has recently been making greater efforts to improve its pharmaceutical industry, including the protection and quality of drugs on the market in China. On March 2, 2005, the National Drug Registration Working Conference was... Read More
On June 15, 2005, Singapore’s Health Sciences Authority (HSA) announced a proposal for a new Health Products Act. While the proposed Act is only a draft (and currently subject to feedback from the public), the HSA hopes this legislation will eventually become... Read More
As Vietnam’s economy continues to expand (7.7 percent GDP growth in 2004), the country’s middle class population is growing, and spending is on the rise. More and more women are willing to purchase affordable, and occasionally, higher-end cosmetics. Vietnam’s cosmetic industry is... Read More
The pharmaceutical market in Indonesia is currently valued at around $350 million. More than 50 percent of the market is comprised of imported products, with a large portion coming from the U.S., Germany, Switzerland and Japan. Foreign companies importing finished products or... Read More
The healthcare industry in Malaysia is currently valued at around $1 billion and growing at a steady rate of 6-8 percent annually. The country still imports more than half of its pharmaceuticals and medical equipment, with the U.S., Japan and Germany as... Read More
Over the past few years, the pharmaceutical and medical device markets in the Philippines have been growing 6-8 percent annually. Both the pharmaceutical and medical device markets are largely made up of imported products, valued at around $300 million and $75 million,... Read More