Top Picks For Chinese Medicine Brands By Oppenheimer
By Benzinga Staff
August 31, 2010 9:47 AM
August 31, 2010 9:47 AM
American Oriental Bioengineering, Inc. (NYSE: AOB) is believed to have an important competitive advantage among Chinese drug manufacturers to wade through pricing uncertainties in healthcare reform, according to Oppenheimer.
Stable drug CPIs help envision a positive outlook for OTC pharmaceuticals, and traditional Chinese medicines continue to lead top pharmacy product sales. Pricing has also remained favorable, as seen in July where traditional Chinese medicines were +11.8% y/y vs. western drugs reports of +0.8%, Oppenheimer reports.
Top picks also include Tongjitang Chinese Medicines Company (NYSE: TCM) and BMP Sunstone Corporation (NASDAQ: BJGP).
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