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China's pharm industry sees 20.2% growth in output value in Jan-Sep

Oct. 31, 2012 (China Knowledge) - China's pharmaceutical industry realized RMB 1.3 trillion in output value in the first nine months of this year, 20.2% more than in the corresponding period of last year, said the National Development and Reform Commission in a statement published on its website.

The output value of the chemical original drug manufacturing sector grew 13% YoY to RMB 238.2 billion, and that of the chemical preparation manufacturing sector surged 24.8% YoY to RMB 369.2 billion.

The Chinese traditional patent medicine generated RMB 288.2 billion in output value in the first nine months, up 20.8% YoY, and the medical equipment and appliance sector grew 19.5% YoY to RMB 110.3 billion.

During the period from January to September, the pharmaceutical industry saw its sales-to-output ratio stand at 95.9%, remained flat from a year earlier.

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